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India, Africa To Work To Double Bilateral Trade By 2030: Goyal
The Business Guardian
|August 30, 2025
Union Minister of Commerce and Industry Piyush Goyal on Friday stated that India and Africa will collaborate to double bilateral trade by 2030, with a focus on value addition, technology-driven farming, renewable energy, and healthcare.
Addressing the valedictory session of the 20th CII India-Africa Business Conclave in New Delhi, Goyal stated, "Together, we can move from raw material exports to value-added production for global markets."
Currently, India's exports to Africa stand at USD 42.7 billion, while imports are close to USD 40 billion.
Calling this balance encouraging, Goyal underlined that much more could be achieved.
"This demonstrates the opportunity we have missed out on over the years, and the scope for expansion today," he observed.
This story is from the August 30, 2025 edition of The Business Guardian.
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