Indian Veep commits to AfCFTA promises to strengthen economic ties

Jangdeep Dhankhar, Vice President, India, says his country remains resolute to the African Continental Free Trade Agreement (AfCFTA).

He has, therefore, promised to strengthen economic ties with its African counterpart.

He said through the AfCFTA and India’s DFTP scheme, both parties had the potential for deeper economic integration and mutual development.

He highlighted India’s investments in African infrastructure projects and its commitment to capacity-building, training, and education.

The Veep said this at the 19th Confederation of Indian Industry (CII) India-Africa Business Conclave 2024, held in New Delhi from August 20 to 22, 2024.

The event featured a business delegation from the Jospong Group of Companies (JGC) from Ghana.

The CII India-Africa Business Conclave is a premier platform for enhancing trade, investment, and technological partnerships between India and Africa, focusing on sfocusinsuch as agriculture, infrastructure, manufacturing, and information technology.

The summit, themed “Creating one future”, aimed to strengthen ties between India and Africa to boost economic growth.

The delegation, among other intentions, sought to establish partnerships with Indian businesses.

The delegation held fruitful meetings with Indian companies in sectors such as waste management, water, sanitation, renewable energy, and agriculture, where Jospong Group has significant expertise and experience.

The Jospong delegation engaged in high-level discussions with Indian counterparts, exploring avenues for collaboration across various sectors. As Gold Sponsors, the Group hosted an exhibition showcasing its achievements across all areas of operation.

These discussions aimed to identify areas of mutual interest and collaborations that could contribute to sustainable development in Ghana and other African countries.

Mr. Noah Gyimah, Head of Delegation and Chief Investment Officer emphasised the importance of Ghana-India partnerships, noting that Jospong’s participation in the summit demonstrated its commitment to building strong, lasting relationships with Indian counterparts.

He added: “We believe that through collaboration, we can harness the potential of both our countries to drive economic growth and create opportunities for our people.”

Mr. Strive Kakraba, Communications Manager, JGC, stated that the company’s participation underscored its strategic commitment to expanding operations beyond Ghana’s borders, thus leveraging

India’s technology and industrial development expertise.

“The Group’s participation marked a significant step forward in its journey towards creating impactful and enduring partnerships that have the potential to impact many African businesses and nations,” he said.

The Jospong Group’s engagement aligns with its broader vision of becoming a key player in Africa’s economic transformation by introducing innovative solutions to address critical challenges in Ghana’s infrastructure, sanitation, agriculture, and environmental sectors.