-
Indian Missions in Sub
Saharan African countries have been activated to
focus on commercial issues as a priority.
-
Review of the existing
Trade Agreements with 23 Sub-Saharan Countries
through the institutional mechanisms like -
Joint Trade Committee Meeting, Indo-South Africa
Commercial Alliance etc.
-
Increased interaction
among businessmen through Joint Business
Councils.
-
Additional lines of
credit provided by EXIM Bank to Sub-Saharan
African Countries (so far 28 Lines of Credit
(LOC) of Rs. 414 crores).
-
Upgrading the credit
rating of certain countries by ECGC.
-
Special provision for
funding warehousing, foreign offices by export/
trading houses or by consortium of Small Scale
Industry (SSI) Units- Under Market Development
Assistance provided for the purpose.
-
Special project
oriented activities to be funded under Market
Access Initiative (MAI) Scheme for the new
scheme of Market Studies.
-
Furnishing the relevant
information about procurement of tenders,
investment opportunities in the African
countries received through the Indian Missions
to all the Indian exporters/importers/investors
through concerned Export Promotion Councils.
-
Taking appropriate
action through Missions to simplify the
procedure for registration and certification in
the importing country.
-
Finalising MOUs between
appropriate authorities, on technical assistance
and cooperation in several sectors e.g.
Cooperation agreement between National Small
Scale Industrial Corporation (NSIC) and
Federation Micro & Small Enterprise
Development Agency (FeMSEDA), Govt. of Ethiopia,
Health and Pharma with S.Africa (Under
finalisation).
-
Other Ministries have
also initiated several measures e.g. meeting
with banking sector was organized by MEA
recently, issues relating to import of pyrethrum
from Kenya are being examined by Agriculture
Ministry.
Trade
