KPMG-CII background paper titled – ‘India and Africa – Collaboration for Growth’ was published during the India-Africa Business Forum coinciding with the 3rd India – Africa Forum Summit on 28 October, 2015 at New Delhi.
Transport, including roads and highways, ports and airports and railways, present immense opportunities in the region’s infrastructure space, according to this paper.
The paper also talks about Africa’s farm sector, which is expected to grow to USD 1 trillion by 2030 from USD 280 billion in 2014. This can only happen with growth largely dependent on technology. There is significant scope for the agriculture sector in Africa to benefit from the Indian experience in this sector, as well as co-operation on solutions for common challenges. The paper also mentions that Africa can be a key sourcing destination for pulses, a major source of protein in the diet of the Indian population, especially as the demand for pulses is expected to increase as the country develops. The biggest challenge anticipated for both Africa and India is the gap in food demand and supply.