India and Africa: Soft Power
- Pakistan High Commission staffer asked to leave India after leak of sensitive defence documents
- Cyrus Mistry hits back at Tata Group with slew of allegations: Fraudulent transactions, unethical ways
- Tata Sons vs Cyrus: Sebi, govt keep watch, BSE seeks clarification
- Kashmir is a matter for India, Pakistan to sort out: British PM Theresa May
- It's unfortunate, because it has set a terrible precedent: Farhan Akhtar on Johar-MNS deal
The Prime Minister's Africa visit is an important milestone in Indian foreign policy in the recent period. From a very hesitant beginning in the G8 and in fact a deprecating attitude by saying that it did not really matter, India has come a long way and is playing in fact a soft leadership role in the continent of the future.
Africa has a bright future and the sooner the world gets behind its talk of the Dark Continent, the better off it will be. Its great resources are attracting everybody there. There are more than sixty billion dollars of annual investment now being laid out as the OECD brings out. But Africa no longer wants to be a passive supplier of the wherewithal of global expansion and the hewer of wood and drawer of water. A new generation of professionals and business men have arrived and the governance deficits are declining. South Africa, the melting in the Maghreb and many other examples are there for all to see.
After a meeting of the Define network of the OECD I was asked to attend an Africa afternoon in Paris. Senior African policy makers were highly articulate on the need of FDI in Africa to have commitments to the economies on a long term basis rather than a lets get ours and go attitude.
Colonial terms were not only unacceptable, they were to be a bad memory of the past. Africa wants its place in the contemporary debates on modern corporate governance and the social responsibilities of business. The OECD was mounting a mission and my plea was that data on this aspect now demanded by global corporate governance standards as in the discussions of the International Chambers of Commerce should be available. Indian companies by now have about ten percent of the FDI and its growing. The experience of some who have a tradition of community service at home is that African societies have a strong sense of community and with peace tend to take advantage of any community initiatives more so than elsewhere.
- By brokering for MNS, Devendra Fadnavis has shown himself as a CM afraid of a bully
- Pak PM would do well to study the past before choosing Raheel Sharif’s successor
- What general news channels could learn from business news anchors
- India’s abstention from UN negotiations for nuclear disarmament would be a lost chance
- India must delink classroom teaching from student learning
- In the long run, the rift within SP may make space for a clearer leadership