63 companies lined up for Indian-Business forum

Ghana and India are expected to explore investment opportunities in the areas of infrastructure and construction, healthcare and pharmaceuticals, as well as agriculture in an upcoming two-day Exhibition with about sixty-three (63) companies expected in the country.

The India-West Africa Exhibition and Business forum, dubbed, ‘Namaskar Africa 2017’ is a regional flagship business initiative being organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).

The two-day exhibition, which is slated for August 16-17,2017 will assemble FICCI companies from India comprising JMC Projects, Tata Africa, Escorts, International Tractors Limited, John Deere among others.

According to Susnato Sen, a senior director of the Federation of Indian Chambers of Commerce and Industry (FICCI) the idea behind the exhibition is “to share the technical expertise and experience of Indian companies in sectors which are important for both Ghana as well as India.”

‘Namaskar Africa’, 2017 is an opportunity to enhance and diversify India’s economic engagement with the West Africa region and position Ghana as a gateway and preferred destination for investment and trade.

The leaders of both countries, during recent exchange of visits, have emphasized the need to leverage the two countries’ economies interactions to US$5billion by 2020.

India’s export matrix clearly indicates the potential of the Ghanaian market to absorb increased exports from India as well as the ability of Indian industry to export the same.

Officials of the event also reckon that, with Ghana preparing to implement the ECOWAS Common External Tariff, it presents a major platform for a Customs Union that facilitates free trade and ensures greater regional economic integration and a wider reach in the sub-region using the West African country as the base.

Over the years, ‘Namaskar Africa’ has established itself as a premier business networking platform for industry leaders from India and across Africa catering to trade, investment and technology transfer requirements.

This year’s edition will have sectoral thrust on infrastructure and construction, healthcare and pharmaceuticals, agriculture and food processing, energy and non-renewables.