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2021 | OriginalPaper | Chapter

15. The Impact of India’s Lines of Credit on the Future of India-Africa Partnership in Agriculture

Authors: Karin Costa Vazquez, Vyshali Kottam

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

Publisher: Springer International Publishing

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Abstract

Despite its abundant resources, the African continent still lags behind the rest of the world in terms of agricultural output and productivity, and remains one of the most food-insecure regions worldwide. By sharing its development experience, India can help transform Africa’s agricultural landscape. Agriculture has become a key area of India-Africa partnership with the Lines of Credit (LOC) issued by the EXIM Bank of India as one of its main pillars. Indian LOCs have helped build infrastructure and add value to agriculture and allied sectors across 29 African countries. Yet, the widening gap between India’s commitment and actual disbursement of LOCs to Africa creates barriers to the full realization of mutual gains. At a time when India-Africa’s engagement is scaling new heights, this paper examines the challenges ahead Indian LOCs and their likely implications on the future of India-Africa partnership in agriculture.
Footnotes
1
Comprehensive Africa Agriculture Development Programme (CAADP) is a continental framework for the acceleration of agricultural growth, poverty reduction, and achieving food and nutrition security. It is based on four pillars of intervention, namely:
  • Pillar I. Extending the area under sustainable land management and reliable water control systems
  • Pillar II. Improving rural infrastructure and trade-related capacities for market access
  • Pillar III. Increasing food supply, reducing hunger, and improving responses to food emergency crises
  • Pillar IV. Improving agriculture research and technology dissemination and adoption (NEPAD 2009: p. 8).
 
2
The challenges to the full realization of Indian LOCs to Africa are discussed in detail in the latter sections.
 
3
The Green Revolution refers to a series of research, development, and technology transfer initiatives, occurring between 1943 and the late 1970s that increased industrialized agriculture production in India. However, the yield increase has also occurred worldwide (Ameen and Raza 2018: p. 129).
 
4
The Blue Revolution refers to the optimum utilization of the oceans and water bodies to harness the marine resources for enhancing food and nutrition security (MEA 2015b).
 
5
The projects span a variety of sectors like power, railways, road transportation, information and communication technology, shipping, health and technical education.
 
6
Interviews conducted with Indian and African government representatives between June–September 2018.
 
7
Interviews conducted with an African government representative between June–September 2018.
 
8
As indicated in EXIM Bank of India’s database statistics.
 
Literature
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Metadata
Title
The Impact of India’s Lines of Credit on the Future of India-Africa Partnership in Agriculture
Authors
Karin Costa Vazquez
Vyshali Kottam
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-54112-5_15

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