Saturday February 23, 2019
Home India India offers ...

India offers additional concessional credit of $10 billion to Africa

0
//
Photo: Indian Express

New Delhi: In its biggest ever engagement with Africa, India on Thursday sought to recharge its ties with all 54 African countries, announcing increased interaction in areas like energy and agriculture while offering an additional concessional credit of $10 billion.

Prime Minister Narendra Modi described as “historic” the summit, attended by 41 heads of state and government including of South Africa, Egypt, Nigeria, Ghana, Morocco, Zimbabwe, Kenya, Uganda, Tanzania, Mozambique and Liberia and comprising two kings, 25 presidents and six prime ministers besides six vice presidents, foreign and trade ministers and senior officials.

The third India-Africa Forum Summit (IAFS) – the largest international gathering of leaders in Delhi after the Non-Aligned Movement summit in 1983 – was held at the Indira Gandhi Indoor Stadium, allowing all the leaders to sit as equals at a horseshoe shaped table.

According to Indian officials, Africa had never been present in such strength in any of their interactions with other world power or groupings – an indicator of their expectations from India and the country’s growing international stature.

Prime Minister Modi, who was dressed in his usual Kurta with a pale blue sleeveless jacket and Churidar, in his closing remarks, said: “This has been a truly historic day. We had the opportunity to listen to the whole of Africa.”

He said closer defense and security cooperation, especially in capability development, will be a key pillar of their partnership, which was so “natural” as their “destinies are so closely interlinked” and “aspirations and challenges are so similar”.

Announcing that the next IAFS will be held after five years, Modi stressed Africa will remain at the center of India’s attention and engagement with it will remain “intense and regular.”

The summit adopted a Delhi Declaration seeking a decisive push for United Nations Security Council reform and calling on all countries to ensure that their territories were not used for cross-border terrorist activities, while also adopted was a Framework Agreement on Strategic Cooperation.

Commemorative coins and stamps were also released, and President Pranab Mukherjee later hosted a banquet for the visiting leaders.

On the sidelines, Modi also had bilateral meetings with 10 African leaders, including Egyptian President Abdel Fattah Al-Sisi. Modi, who met 19 leaders on Wednesday is slated to have more bilateral on Friday.

In his opening address as the summit host, Modi sought to strengthen the India-Africa partnership by announcing 50,000 scholarships in the next five years.

“It is a meeting of dreams of one-third of humanity under one roof,” Modi said as he outlined a roadmap for increased Indian interaction with African countries in a wide gamut, including connectivity, infrastructure, power and agriculture — his speech evoking loud cheers from the leaders – in a bid to enhance Indian influence in a continent where China had stolen a march with over $200 billion investments in the last 15 years.

He also called for a comprehensive agreement on climate change at a global conference later this year. No one, Modi said, had contributed less to global warming than India and Africa, adding that “the excess of a few cannot become the burden of many”.

The summit, in which the visiting leaders were treated to a cultural extravaganza at the start including African dances, also saw the dresses and images of Africa come alive with many of the leaders sporting traditional costumes and headgear, including Liberian President and Nobel Peace Prize Ellen Johnson Sirleaf and African Union Commission chair Nkosazana Dlamini-Zuma and many speaking in their native languages.

IAFS is a major initiative of the Modi government to reach out to the continent which has rich resources, is witnessing faster growth and has a similar demographic profile. African countries see the large scope of cooperation with India in diverse areas such as agriculture and education.

South African President Jacob Zuma described the relation between India and the African countries as an embodiment of South-South cooperation and dwelt on the roles “played by your visionary former prime ministers Jawaharlal Nehru and his daughter Indira Gandhi”.

Zimbabwean President Robert Mugabe strongly pitched for reforms of the UN Security Council and said Africa should get at least two permanent seats.

Apart from the concessional credit in addition to the $7.4 billion India has already committed, Modi said India would also offer a grant assistance of $600 million, which would include an India-Africa Development Fund of $100 million and an India-Africa Health Fund of $10 million.

He said India and Africa would deepen their partnership on clean energy, sustainable habitats, public transport, health care, telecommunications and climate resilient agriculture.

(IANS)

Next Story

Three Projects Help India to Stop its Share of Water to Pakistan after Pulwama

The waters of the western rivers - the Indus, Jhelum, and Chenab - averaging around 135 MAF, were allocated to Pakistan.

0
Picture Courtesy:-www.economylead.com

The government has envisaged three projects to give intent to its decision to stop its share of water from three eastern rivers of the Indus system – the Beas, Ravi and Sutlej – from going to Pakistan.

The decision was affirmed by Water Resource Minister Nitin Gadkari on Thursday in the wake of Pulwama terror attack though the Union cabinet had approved implementation of one of the key projects – Shahpurkandi dam – in December last year.

The waters of the western rivers – the Indus, Jhelum, and Chenab – averaging around 135 MAF, were allocated to Pakistan except for “specified domestic, non-consumptive and agricultural use permitted to India”, according to a treaty.

India has also been given the right to generate hydroelectricity through run-of-the-river (RoR) projects on the western rivers which, subject to specific criteria for design and operation, is unrestricted.

pakistan, india, water ban
However, about 2 MAF of water annually from Ravi is reported to be still flowing unutilised to Pakistan. VOA

To utilise the waters of the Eastern rivers, India has constructed the Bhakra Dam on Satluj, Pong and Pandoh Dam on Beas and Thein (Ranjitsagar) on Ravi. These storage works, together with other works like Beas-Sutlej Link, Madhopur-Beas Link and Indira Gandhi Nahar Project have helped India utilise nearly the entire share (95 per cent) of the eastern river waters.

However, about 2 MAF of water annually from Ravi is reported to be still flowing unutilised to Pakistan. The other two projects are Ujh multipurpose project and the second Ravi Beas link below Ujh.

Here’s the reality check of the three projects:

Shahpurkandi Project: It aims to utilise the waters coming from powerhouse of Thein dam in order to irrigate 37,000 hectares of land in Jammu and Kashmir and Punjab by generating 206 MW of power.

The project was scheduled to be completed by September 2016. However, following a dispute between the two states, work was suspended in August 2014 but they reached an agreement last September and the construction work has now resumed with the Centre monitoring its progress. The central government had in December last year announced assistance of Rs 485 crore for the project and it would be completed by June 2022.

 

India, pakistan, pulwama, water ban
The decision was affirmed by Water Resource Minister Nitin Gadkari on Thursday in the wake of Pulwama terror attack. VOA

The project will create irrigation potential of 5,000 hectare in Punjab and 32,173 hectare in Jammu and Kashmir.

Officials said that some water of the Ravi is going waste through the Madhopur Headworks downstream to Pakistan and it is required in Punjab and Jammu and Kashmir.

The total balance cost of pending work in ShahpurKandi Dam project is estimated Rs 1,973.53 crore (irrigation component: Rs 564.63 crore, power component Rs1408.90 crore).

The Shahpurkandi Project was initially approved by the Planning Commission in November, 2001. Revised costs were approved, but there was delay in its execution both because of lack of funds with Punjab and inter-state issues with Jammu and Kashmir.

An agreement was finally reached between the two states under the aegis of Water Resources Ministry in September last year.

Ujh multipurpose project: Construction of the Ujh multipurpose project will create a storage of about 781 million cubic metres of water on Ujh, a tributary of Ravi, for irrigation and power generation and provide a total irrigation benefits of 31,380 hectares in Kathua, Hiranagar and Samba districts of Jammu and Kashmir.

The total estimated cost of the project is Rs 5,850 crore and the Central assistance of Rs 4,892.47 crore on works portion of irrigation component as well as the special grant is under consideration. The project is yet to be implemented and it will take about six years for completion.

Second Ravi Beas link below Ujh: The project has been planned to tap excess water flowing down to Pakistan through Ravi by constructing a barrage across it for diverting water through a tunnel link to the Beas basin.

The project is expected to utilise about 0.58 MAF of surplus waters below Ujh dam by diverting the same to the Beas basin.

 

india, pakistan, water share, pulwama
Officials said that some water of the Ravi is going waste through the Madhopur Headworks downstream to Pakistan and it is required in Punjab and Jammu and Kashmir. Wikimedia

The water distribution treaty between India and Pakistan was brokered by the World Bank in 1960 to use the water available in the Indus system of rivers originating in India.

 

ALSO READ: IOC Cancels Places for 2020 Tokyo Games from India after it Refused Visas to Pakistan

The Indus system comprises Indus, Jhelum, Chenab, Ravi, Beas and Sutlej rivers. The basin is mainly shared by India and Pakistan with a small share for China and Afghanistan.

Under the treaty signed between India and Pakistan in 1960, all the waters of the three eastern rivers, averaging around 33 million acre feet (MAF), were allocated to India for exclusive use.  (IANS)