India-Africa partnership provides limitless opportunities

Union Finance Minister Arun Jaitley on Monday said that India-Africa partnership could provide limitless opportunities for the future and that the two sides were engaging on a scale not witnessed earlier.

"If India is a bright spot, then Africa is not very far away. India-Africa partnership provides limitless opportunities. India, Africa together can shape future of the world," Jaitley said here at the opening session of the five-day annual meetings of the African Development Bank (AfDB) Group.

"India-Africa partnership model is unique, cornerstone is voluntary partnership without any imposition. Our commitment is reflected in high-level engagement with Africa on a scale never seen before," he added.

The theme of the opening session was "Africa-India Cooperation on Enhancing the High 5 Strategy". Jaitley said the "High 5" agenda of AfDB was not different from Indian policy.

AfDB has adopted a strategy called "High 5s", which focuses on five major developmental priorities comprising agriculture, energy, industrialisation, regional connectivity and improved quality of life through access to social and economic opportunities.

The 52nd annual meetings of the AfDB Group that started on Monday will come to an end on May 26. This is the first time the AfDB is holding its annual meetings outside the African continent. The five-day meeting will be inaugurated by Prime Minister Narendra Modi on May 23.

The annual meetings are the largest event of the bank, which would witness the gathering of about 3,000 delegates from 81 member-countries from across the world at the Mahatma Mandir convention centre here in Gujarat. During the meetings, India is also eyeing cooperation with tghe Africa nations on the International Solar Alliance (ISA) initiative, of which France and India are the co-chairs.

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