CURRENT AFFAIRS

Detailed explanation-1: -14thCII-EXIM Bank Conclave on India-Africa Project Partnerships to be held in New Delhi on March 17 – 19.

Detailed explanation-2: -The 17thCII-EXIM Bank Conclave on India Africa Growth Partnership held in New Delhi on the 19 and 20 July 2022 was attended by the Vice Presidents of Gambia, Zambia and Mauritius. Besides, The Vice President, Venkaiah Naidu, Minister of External Affairs, S.

Detailed explanation-3: -Notes: The ‘India-Africa Growth Partnership conclave’ was jointly organised by the Confederation of Indian Industry (CII) and Exim Bank. Union Minister Piyush Goyal inaugurated the conclave and announced that India can be a valuable partner to African nations.

Detailed explanation-4: -The major cooperation between India and Africa on renewable energy is through the International Solar Alliance (ISA), a multilateral body co-founded by India intended to increase the deployment of solar energy technologies in order to ensure energy security and drive energy transition in member nations.

Detailed explanation-5: -The idea is to take the manufacturing base closer to the African markets and come up with sub-regional and targeted strategies in order to create products to serve local needs and generate employment. The challenge and opportunity for Indian companies is to find ways to create and add value to products.