India calls for better ties with Africa

Jan. 19, 2009 at 1:02 PM

NEW DELHI, Jan. 19 (UPI) -- Indian External Affairs Minister Pranab Mukherjee says he wants more trade and cooperation between India and Africa.

Mukherjee said Monday the potential for bilateral trade between Asian country and the African continent is greater than what's currently being realized, the Indo Asian News Service reported.

"I call upon Indian and African business partners to step up their business engagements," Mukherjee said at the inaugural session of the India-Africa Business summit in New Delhi. "Existing trade and investment levels do not reflect the true potential. Our commitment to Africa is total and we look forward to a close partnership with Africa in its economic resurgence."

The minister also announced at the business summit that India will be doubling its line of credit to Africa to $5.4 billion and will provide $500 million over the course of the next five to six years, meant for projects in critical areas, IANS reported.

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