New Delhi. Minister of State for External Affairs V Muraleedharan said on Tuesday that India has signed agreements with Malawi and Mozambique to import pulses to meet its domestic requirements. Apart from this, talks are also going on with some other African countries regarding import of pulses. Addressing the inaugural session of the India-Africa Agriculture and Food Processing Summit 2021, he said that India is the fourth largest trading partner for Africa and has become the fifth largest investor. India’s total investment in Africa is $70.7 billion.
The Union Minister also said that India can explore possibilities to further strengthen economic and commercial ties with Africa. He said that food security connects India and Africa. India has provided food assistance of $ 158 million to various African countries in the form of humanitarian assistance. Muraleedharan said, “India has signed agreements with Malawi and Mozambique to import pulses to meet domestic demand. At present, we are negotiating MoUs with some more African countries on the import of pulses.
India is the largest producer and consumer of pulses. He said that Africa has a lot of land which it can make available for the production of various products.
“India wants to explore the opportunity to invest abroad and produce crops through creation of agro-processing facilities along with generating employment and income on a large scale,” the minister said, adding that private sector companies Already many African countries have started investing in this sector. “The African Continental Free Trade Area (AFCFTA) came into force on January 1, 2021. It is expected to play an important role in agricultural development across Africa.