Source: News Bharati English19 May 2017 15:10:59

Gandhinagar, May 19: India and Africa have many similarities. Both are full of natural resources, human resources, and diversity in every field.  Since overpopulation is a challenge for both of these two, the economic challenge also has a trait of similarity. Hence India wants to deepen the economic tie with Africa. This is the first time India will host the annual meeting of African Development Bank (AFDB) Group from 22 May. Not only that, India is also looking for cooperation with International Solar Alliance initiative.

The annual meeting will be held in Gandhinagar. Prime Minister Narendra Modi will inaugurate the meeting on 23rd May. "Transforming Agriculture for wealth creation in Africa" – is the core theme of this meeting. This has scope for both India and Africa. This would help to deduct rural poverty and improving the quality of lives of rural people. This is an opportunity to strengthen the economic bonding and discussing relevant issues.

This meeting provides a good forum for representatives of government, business, civil society, think-tanks, academia and the media – from Africa and beyond. These Meetings will bring together about 3000 delegates and participants and will feature a number of official, knowledge, and side events. The Governors of the Bank are from the 54 African regional member countries and 27 non-regional member countries are participating in the event.

This is the fourth time that the Annual Meetings of AfDB are being held outside Africa. A session on India-Japan cooperation for the development of Africa also would be conducted. A statement from Ministry of external Affairs stated- Japan External Trade Organization (JETRO), Japan International Cooperation Agency (JICA) and Japan Bank for International Co-operation (JBIC), in cooperation with their partner organizations in India and Africa including the African Development Bank, will discuss the promotion of African business through private-public partnerships between Japan and India, in order to contribute to the development of the African economy.