With One Eye on China, India Moves into Africa

From Global Post:

When Sunil Mittal, the 52-year-old chairman of Bharti Enterprises, recently announced the Indian mobile company’s successful acquisition of Kuwait-based Zain’s African operations, he flagged off the next stage in the so-called “race for Africa” between India and China.

This leg will be much more than a modern-day great game played for political influence and access to natural resources. And in this contest the tortoise may be set to sprint past the hare.

“The Indians are in there for the long haul, integrating economically, socially and politically,” said Harry Broadman, the author of “Africa’s Silk Road: China and India’s New Economic Frontier.” “I think India is the sleeper. These are the businesses that are operating under the radar and will have a much more durable impact on the African economy, arguably, than the Chinese.”

June 22, 2010 12:35 PM
Posted By: