11 March 2017 Current Affairs: President Pranab Mukherjee has inaugurated the two day 12th CII-EXIM Bank Conclave on India Africa Project Partnership on March 9, 2017 in New Delhi.The first conclave has held in 2005.The Conclave was organized by the Confederation of Indian Industry (CII) in partnership with the EXIM Bank of India with the support of the Ministry of External Affairs and the Ministry of Commerce & Industry, Government of India.
Objective : To discuss cooperation in Trade, Regional Integration & Infrastructure Development, Finance & Consultancy, Mining & Minerals, Agriculture & Agro-Processing,
Power & Alternative Energy, Healthcare, Small & Medium EnterpCII Exim Bankrises, Human Capital Development and People-to-People Contacts.More than 400 international delegates, including over 30 Ministerial level delegates, from 37 African countries, participated in the conclave.
India & Africa Relationship :Over the years, 2,915 projects worth $327.12 billion have been discussed.During the 11th edition , 381 projects worth about $70.49 billion were discussed leading to many landmark India-Africa business and project partnerships
The India-Africa partnership is a stellar example of multi-pronged South-South Cooperation, straddling the traditional and emerging areas of cooperation alike.India-Africa bilateral trade volumes grew from $28.9 billion in 2007-08 to $56.7 billion in 2015-16.