Indian investment in Africa

African leaders urge Indians to act on pledges:

Following the end of the India Africa summit, BBC published an article, entitled India and Africa Investment Deal ...

"Africa should no longer be seen as a mere market for raw materials, they said, and if countries such as India acted on their pledges, the region could see greater economic growth.

And many of the delegates said they wanted to see more investment from some of India's leading private companies, such as global players Tata and Mittal."

India - Africa Forum Summit

As the summit continues this courting begins...

"India will provide more than $500 million over the next five to six years in grants for development projects".

Read more in Washington Post article, India Pledges Aid to African Leaders.

Another Scramble for Africa?

The first India-Africa summit begins this week...

"India will be keen to stress what an able partner it can be in Africa's economic development. India is desperate to beat China in the race to win over the continent. But any victory will be hard won - investment in Africa will now be on African terms."

Read more about the summit in BBC report: India to court Africa for business