Skip to main content
main-content
Top

Hint

Swipe to navigate through the chapters of this book

2021 | OriginalPaper | Chapter

14. EXIM Bank of India’s Support for Food Security and Capacity Building in Africa

Authors: Prahalathan S. Iyer, Rahul Mazumdar

Published in: India–Africa Partnerships for Food Security and Capacity Building

Publisher: Springer International Publishing

share
SHARE

Abstract

Despite the availability of large tracts of cultivable land, Africa is unable to meet its basic food needs due to inter alia; scarce water resources, inadequate agri-infrastructure, inefficiencies in the production practices, among others. There is a need to transform the agriculture sector in Africa. This paper suggests a four-pronged strategy to transform the African agricultural sector. These are: productivity enhancement, agri-logistics, technical collaboration and investment in agriculture R&D. The paper also shares India’s experience with agricultural transformation and discusses the green revolution, contract farming, irrigation techniques, agricultural markets and the like. Agricultural sustainability is intrinsically linked to food security, and therefore critical to the progress and socio-economic development of Africa and India. The paper also illustrates win-win strategies for India-Africa agricultural cooperation, through financing Africa’s agriculture development through the EXIM Bank of India.
Footnotes
1
The P. L. 480 agreements aimed at supply of surplus agricultural commodities from the USA against payment of the rupee equivalent of the dollar cost of these commodities plus 50% of the ocean freight cost (Laxminarayan 1960).
 
2
Olam International is a leading food and agri-business company in the world, operating from seed to shelf in 70 countries, supplying food and industrial raw materials to over 23,000 customers worldwide. Olam is one of the world’s largest suppliers of cocoa beans and products, coffee, cotton and rice.
 
3
Hereinafter referred to as ‘the Bank’.
 
4
Merged with the Foreign and Commonwealth Office to form the Foreign, Commonwealth and Development Office as of 2020.
 
Literature
Metadata
Title
EXIM Bank of India’s Support for Food Security and Capacity Building in Africa
Authors
Prahalathan S. Iyer
Rahul Mazumdar
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-54112-5_14

Premium Partner