India to Aid Africa’s Development, Offers $5 Bn
30 May 2011

India’s total commitment over the next three years will be $5.7 bn to help Africa achieve its development goals


India will establish over 80 new institutions in diverse areas including agriculture, English language teaching in its support for institutional capacity building in Africa, said Prime Minister Manmohan Singh.

India's total commitment to Africa would be to the tune of $5.7 billion in grants and lines of credit, Singh said at the conclusion of the two-day 2nd Africa-India Summit at the African Union headquarters in the Ethiopian capital.

“We will establish over 80 new institutions at the Pan-African, regional and bilateral levels in sectors such as agriculture, rural development, food processing, soil, water testing laboratories, integrated textile cluster, weather forecasting, life and earth sciences, information technology, vocational training, English languages centres, entrepreneurial development institutes, in consultation with African Union.

"The consolidation of our financial assistance consisting of grants and lines of credit into a cohesive plan has begun to show results in projects of interest to Africa," he said.

In addition, India will offer 22,000 scholarships and training slots to African students under the Indian Technical and Economic Cooperation (ITEC) programme, he added.


Source: igovernment




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