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Will India be the One?

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Posted on April 23, 2008 by Taimi Arvidson

A scramble for Africa’s resources and major manufacturing outlets has begun. India and China are emerging as competitors as each country looks to make its mark on the continent. India attempted to entice African leaders last week at an India-Africa Summit. The aim was to persuade them to welcome Indian investment. They are pushing to keep up with China’s plans to meet with African leaders at an even bigger summit they plan to host in May.

What could make India the one to successfully invest in Africa? For one, India has a history of close relations in Africa dating back to colonial times. Recently, India has also been a major aid donor to Africa along with sending about 9,000 UN Peacekeepers to the continent. However, India has tried to separate its recent efforts from China’s presence in Africa by insisting its interests are mostly focused on development.

Could India find a place as a new economic powerhouse in Africa?

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