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India is getting proactive.Counter the Dragon: With $5 billion pledge, India takes big step into Africa
India took a diplomatic leap in Africa on Tuesday, with Prime Minister Manmohan Singh pledging $5 billion for the continent's development over the next three years. Spreading out the Indian presence from agriculture to information technology, tele-medicine to a virtual university, India now rivals China for top honours in the new Great Game in Africa.......
"We will offer $5 billion dollars for the next three years under lines of credit to help Africa achieve its development goals," Singh said. To put the figure in perspective, India's healthcare budget is around $ 5.9 billion. This credit would be apart from $700 million pledged for new institutions in Africa.
And for all those who said only China builds infrastructure for Africa, India announced a railway line between Ethiopia and Djibouti at a cost of $300 million. The initial plan by the African Union was for a line running across the breadth of Africa, but the task of coordinating land acquisition through so many sovereign states was a challenge they weren't willing to take just yet..............
China has the biggest presence in Africa, churning out airport terminals and football stadiums at a breathtaking pace, in return for access to resources and minerals. Its bilateral trade with Africa in 2010 was $126.9 billion, as compared to just over $40 billion India-Africa trade. Earlier this week, India declared a target of $70 billion by 2015...................
But India prides itself on doing things differently from China. It sees itself as less extractive in its engagements and more inclined towards helping African countries improve their capacity. As a senior African diplomat observed, "China invests in our today, India in our tomorrow."........
To that end, Singh announced a slew of new institutes in Africa on Tuesday – India-Africa Food Processing Cluster, Integrated Textiles Cluster, Centre for Medium Range Weather Forecasting (India has donated a Param supercomputer to Tanzania), University for Life and Earth Sciences and an Institute of Agriculture and Rural Development. This is apart from a diamond institute and information technology and management institutes across the five regional groupings in the emerging continent.
Counter the Dragon: With $5 billion pledge, India takes big step into Africa - Times Of India
India is slowly stamping her presence in Africa.
One could read what India is doing in Africa in the thread on Mauritius Leading Two Islands to India.