Noel Tata: India-Africa Are Exploring Rupee Trade, To Improve Commerce

At the 19th CII India-Africa Business Conclave in New Delhi, Noel Tata, Chairman of the CII Africa Committee and TATA International Ltd., emphasized the importance of innovative financial strategies to boost India-Africa trade. Tata highlighted the exploration of Rupee trade as a potential solution to overcome existing challenges, noting its potential to strengthen economic ties between the two regions. He stressed the importance of building mutual trust between financial institutions in India and Africa to encourage greater private-sector participation. Tata also discussed India’s long-term vision of enhancing its economic partnerships within frameworks like the African Continental Free Trade Area, aiming to solidify India’s position as a "Biswabandu" or "Friend of the World"