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Multi-pronged strategy needed to tap Indo-Africa trade potential: Prabhu

Press Trust of India  |  New Delhi 

A multi-pronged strategy is needed to tap the trade potential between and Africa, has said.

Addressing Indo-Strategic Economic Co-operation meet here Wednesday, he said any strategy for enhancing bilateral trade between Africa-will critically hinge on the scope for value chain integrations in various and services segments.

Bilateral trade between and has increased from around USD 7 billion in 2001 to USD 60 billion in 2017, the commerce ministry said in a statement Thursday quoting the

also stressed on the need for right kind of investments in in areas like as the continent provides right resources including low-cost labour and abundant natural resources.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 21:05 IST
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