In the context of a rapid expansion of India’s trade, investment and development cooperation linkages with Africa, this brief discussion argues that India must adopt a more systematic approach to involve the private sector in its development cooperation programme. There is opportunity to create positive externalities for Indian companies in Africa and target sectors and countries which are of interest to Indian businesses. Further, India should assess why its credit lines are failing to serve as stepping stones for Indian businesses in Africa, and lastly proposes an institutional mechanism to promote Indian overseas investment in developing countries.
- Publication year: 2018
- Content type: Blog post
- Form of cooperation: Comprehensive (Lines of credit, grants and loans, and technical assistance).
- Cooperation context: Multilateral
- Region (country): Africa
- Sector: Multisectoral; trade; energy
- Institution (publication): Observer Research Foundation
- Author (and co-authors): Malancha Chakrabarty
- Keywords: South-South cooperation; Africa; economic diplomacy; private sector; Indian overseas investments; FDI
- Link: ORF site