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2021 | OriginalPaper | Chapter

9. Supporting Indian Trade and Investment for Africa: The International Trade Centre Project

Authors: Govind Venuprasad, Aman Goel, Candice Ungerer

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

Publisher: Springer International Publishing

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Abstract

Established in 1964, the International Trade Centre (ITC) is the joint agency of the World Trade Organization and the United Nations. ITC is the only development agency that is fully dedicated to supporting the internationalization of small- and medium-sized enterprises (SMEs) in developing and transition economies, thus raising incomes and creating job opportunities, especially for women, young people and poor communities. Supporting Indian Trade and Investment for Africa (SITA) is a project funded by the UK’s Department for International Development (DfId) and implemented by the International Trade Centre (ITC). It aims to increase and diversify exports from East Africa and attract investment to promote sustainable economic development in the region. Since 2015, ITC, through SITA, has been working to improve competitiveness by leveraging Indian expertise through knowledge sharing, technology transfer and partnerships. SITA’s interventions in the agricultural sector have focused primarily on capacity building, facilitating market linkages and investment attraction in the East African pulses, spices and sunflower value chains. With the introduction of the Duty Free Tariff Preference (DFTP) scheme for Least Developed Countries (LDCs) in 2008, India has strengthened trade and investment linkages with southern partners including East Africa. India offers innovative solutions along with a growing marketplace for East African exports. In turn, East Africa offers opportunities for Indian businesses to expand their global reach. To guide SITA’s focus, initial face-to-face surveys with more than 500 companies were conducted which assessed the competitiveness of select value chains and established the main challenges to development.
Footnotes
1
Merged into the Foreign and Commonwealth Office to form the Foreign, Commonwealth and Development Office as of September 2020.
 
3
The handbook is available at http://​eagc.​org/​wp-content/​uploads/​2016/​07/​Pulses_​Crops_​Grown_​ITC_​web-1.​pdf, and is also accessible through the ITC-Level A commodities apps.
 
4
The Solvent Extractors’ Association of India was formed in 1963 to help and foster the development and growth of Solvent Extraction Industry in India. At present, the Association has 875 members, including about 350 working solvent extraction plants with the combined oilcake/oilseed processing annual capacity of about 30 million tonnes (Solvent Extractors’ Association of India 2018).
 
Literature
Metadata
Title
Supporting Indian Trade and Investment for Africa: The International Trade Centre Project
Authors
Govind Venuprasad
Aman Goel
Candice Ungerer
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-54112-5_9

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