JK News Today
JAMMU, October 24: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in collaboration with ARISE IIP is proud to announce the forthcoming B2B Meetings on Business Opportunities in Africa scheduled for October 28, at Hotel Radisson Blu in Jammu.
This event offers a unique opportunity for businesses to explore the untapped potential of the African continent and unlock numerous avenues for growth under special government schemes.
Africa is endowed with an abundance of natural resources, including minerals, oil, gas, and fertile agricultural land. These resources present significant investment opportunities in a wide range of industries, such as mining, energy, textiles, agriculture, food processing, FMCG, and pharmaceuticals. With an ever-expanding middle class and a potential consumer spending of USD 2.2 trillion by 2030, as projected by the African Development Bank, Africa is poised to become one of the most profitable regions for foreign direct investment (FDI).
“India, as the second-largest trading partner of Africa globally, has played a pivotal role in strengthening the India-Africa relationship. Over the past two decades, India’s private sector has been at the forefront of investments in Africa, contributing approximately $54 billion, which amounts to around 19% of Africa’s foreign direct investment. Key sectors for collaboration include pharmaceuticals, ICT and services, the automobile industry, and the power sector”, said Manik Batra, Chairman, ASSOCHAM J&K Council.
“In light of the paramount importance of strengthening the economic ties between India and Africa, ASSOCHAM, in partnership with ARISE IIP, is organizing these B2B Meetings on Business Opportunities in Africa. The event aims to bridge industrial gaps, unlock Africa’s potential for sustainable local transformation, promote manufacturing, stimulate export growth, and enhance trade promotion,” he added.
ARISE IIP, a leading infrastructure developer in Africa, specializes in conceiving, financing, constructing, and operating integrated and tailor-made industrial zones. These ecosystems play a pivotal role in promoting industrialization within Africa, facilitating job generation and value addition to natural and agricultural resources.
Key Features of ARISE IIP SEZs include, Tax Benefits: 0% Income Tax, 0% Tax on Property, 0% Taxes on services, 100% capital repatriation of profit or fund VAT exemption, Ready to move in sheds, World Class Infrastructure, Single Window Approvals and many more.
Key Industries targeted for growth in these SEZs include Pharmaceuticals, Cashew Processing, Cotton & Textiles, Agro Processing, Packaging Industries, Industrial Products, Wood, FMCG goods, Marbles and granite, and Minerals, Chemicals & Fertilizers.
“The primary focus of these meetings is to reveal investment and enterprise opportunities available for Indian businesses in Africa. This can be achieved through the establishment of manufacturing units or processing units under special government schemes, leveraging Africa as a base to enter and capture markets in other Gulf countries,” said Amit Kaushik, Business Development Manager, Arise IIP.
To attend this exclusive event, registration is mandatory. Interested participants are encouraged to confirm their attendance using the provided registration link for the Jammu event: Registration Link: https://forms.office.com/r/7XWhbWj6iK or contact J&K headquarter of ASSOCHAM at By pass Road Narwal.
For media inquiries, please contact:
Amit Khajuria
Assistant Director
ASSOCHAM, J&K, Ladakh
Ph: 9419238684
Email: amit.khajuria@assocham.com
