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Ghzlan Mahmoud Abdul Aziz
              India’s Investment Relations with Africa

                  For strengthening its strategic partnership, India has undertaken

              major investment initiatives in recent years, and has grown to be
              one of the major investors in Africa. The most important investors

              include; Indian Multinational Enterprises (MNE’s), Indian building
              and telecommunications companies, and a number of auto industry
              majors. These investors have been participating in various fields in-

              cluding; telecommunications, power, computer services, automobile,

              infrastructure, etc. in Africa.

                  The investments from India to Africa improved to be amount-
              ed $ 54 billion during the period; April 1996 to March 2016. Along

              with the African nations, Mauritius is the top state in terms of receiv-
              ing main FDI inflows, followed by Mozambique, Sudan, Egypt and

              South Africa.

                  Adding to a number of investments in diverse sectors -mentioned
              above-, EXIM Bank of India has in position Lines of Credit (LOC)

              extended to a number of institutions/agencies in Africa  . The over-
                                                                       (23)
              all number of functioning LOCs to Africa stood at 154 as on Decem-
              ber 31st, 2016 amounting to $ 7.7 billion as extended to 44 countries.

                  According to the latest  common  information  by the Confed-

              eration of Indian Industry (CII) and the World Trade organization
              (WTO), India’s contemporary total investments in Africa amount to

              more than $50 billion.

                  Africa’s enormous resources attracted FDI from India, in addition
              to oil and gas, Africa, as the world’s second leading continent, has


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