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CII holds seminar on exploring business opportunities in Africa

English Logo Col ChangeBhubaneswar, 18/7 ( Odi9sha Samachar/Abhisek Mohanty) : Confederation of Indian Industry (CII) Odisha State Council organized CII AFRICA SEMINAR SERIES a one day seminar exploring the business opportunities in Africa. Africa was represented by representatives from five African countries Ethiopia, Rwanda, Namibia, Uganda and Zimbabwe. The seminar provided the delegates from various start ups and companies an excellent platform to interact one on one with the representatives from the five countries and also explore the business opportunities that Africa has to offer.cii

The African delegation was represented by Jerusalem Amdemariam Tadesse, Minister Counsellor (Business Diplomacy), Embassy of Ethiopia, Jakova Katuamba , Commercial Counselor, Namibia High Commission, Joseph Kabakeza, First Counsellor, Rwanda High Commission, Nick Chiles Muramira, Third Secretary, Uganda High Commission & Mervyn Chiwayu , Commercial counselor, Embassy of Zimbabwe.

Speaking on the occasion, Vishal Kumar Dev, Commissioner cum Secretary, Industries Department stated about the similarities between Africa and Odisha and the opportunities. He advised to utilize this particular seminar and ensure that the exchange of ideas is translated into action.

 Addressing the seminar, S S Mishra, Vice Chairman CII Odisha State Council cited example on how Africa and Odisha can together prosper in the sectors like mining, agriculture and education. He also took the opportunity to release a “Business Guide to investing in Africa” which will act as a primer and ready reference. He emphasized on the importance on export and import channels between Odisha and Africa to be streamlined and highlighted how Paradip Port Trust will play an important role in this regard.

Ansuman Das, Chairman CII Odisha State Council & CMD, NALCO said that Africa has been emerging as a new business destination and global companies have begun to enlarge their African footprint by expanding into the continent. India had business interest and investment in Africa for a long time but was largely driven by small and medium enterprises. But now the bigger Indian companies have made a foray into the African market since the recent wave of FDI from India to Africa. J B Pany, MD, Radiant Telesystems Ltd & M K Gupta, MD Gupta Power Infrastructure Limited also spoke on the occasion.

The delegation from Africa made presentation on the business opportunities that African countries have to offer. Mervyn Chiwayu pointed out the excellent opportunities that Zimbabwe has to offer in the mining and minerals sector. He also pointed out that Zimbabwe has a lot to learn from India and how its economy grew over the last two decades.

The African delegation was impressed with the giant strides the state has taken in mining sector and invited companies and entrepreneurs to invest in Africa and benefit from the land of unexplored potential.

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