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October 22, 2007 17:28 IST
Describing Africa as 'the continent of the future', various countries in that region today wooed Indian investors while showcasing opportunities in infrastructure, energy, minerals, tourism, IT and education sectors.
Speaking at a seminar in Kochi on 'Opportunities in Africa', ambassador of Rwanda to India Lt General Kayumba Nyamwasa said unfair portrayal of African nations in the international media kept investors away from the region.
India was in a happy situation in the field of technology, affordable education and knowledge transfer. Africa was also on the move and had come to peace with itself, he said.
Nyamwasa said his country had RIPA, a one-stop investment agency to clear investment proposals. There was free floating exchange rate and lower import tariffs, he added.
High Commissioner of Ghana to India J Bentum-Williams said Ghana had abundant virgin land and water resources and was ideal for organic cultivation.
There were vast opportunities for collaboration with Kerala in bio-technology, financial services, IT, ITES and food processing, he said.
Many African countries have legal arrangements to protect investments. There is enough security in place for investors, their investments and the return on their investments, he said.
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