In a bid to ramp up engagement, India and African countries deliberated on possible deliverables at a summit between the two sides which is aimed at lifting the overall ties to a new high with particular focus on trade, security and development cooperation. On the first day of the India- Africa summit on 26th October 2015, the top officials of India and a number of African countries discussed about a specific framework to boost ties besides deliberating on a 'political document'.
The countries are negotiating two documents; the first is going to be a political document which will talk of the political partnership between India and Africa which will touch upon global and regional issues. The second one is going to be framework document of cooperation which will talk about the development partnership of Africa, line of credit by India to African nations.
At present, India’s trade with Africa stands at $75 billion and it has granted whopping $7.4 billion for various developmental and capacity building projects in the past four years where India has implemented a total of 137 projects in 41 African countries. India- Africa summit will see participation of over 400 business delegates from Africa besides all major Indian chambers of commerce. Representatives from 54 African nations, including heads of state and government of some 40 countries, and the powerful African Union are expected to participate in the four-day long summit.
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