focus africa
Focus : Africa
Helping Indian companies do business with Africa
INDIA
INDIA
Africa
AFRICA
INDIA : India’s Trade with the African Region notched US$ 38.96 Billion in the year 2009-10 (DGCI&S provisional figures) constituting 8.37% share in India’s total trade. Trade with the region has grown at a CAGR of 18.10% from US$ 4.48 Billion in 1996-97.
AFRICA : 54 Countries, 1 billion people, US$ 1.01 Billion of trade. Imports worth US$ 468 billion include Mineral Fuels, Oils, Machinery, Vehicles including Boats, Ships, Aircrafts, Electronics & Electricals, Iron & Steel & Articles thereof, Cereals, Plastics, Pharmaceuticals, etc.

Top 20 product groups imported by select African countries ............. [More].
Country at a Glance
Madagascar

Region
Southern Africa

Country
Madagascar

Country Head
President ANDRY RAJOELINA

Capital
Antananarivo

Population
20,653,556(UN 2008)

GDP(PPP)
$20.42 billion (2008 est.)

GDP Per Capita
$1,000 (2008 CIA est.)

Main Language
English, French, Malagasy

 

Madagascar

Madagascar is situated at the southern part of the continent of Africa with a total area of 587,041 sq km. There are no Land Boundaries as it is an Island nation, and the costal line stretches to nearly 4,828 km. Madagascar is divided into 6 provinces Antananarivo, Antsiranana ,Fianarantsoa, Mahajanga, Toamasina and Toliara. 

Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP, employing 80% of the population and contributing more than 70 percent to export earnings (as on2007 CIA). Agricultural exports consist of low-volume high-value products like vanilla, litchies and essential oils. Exports of apparel have boomed in recent years primarily due to duty-free access to the US.

Growth in Madagascar lies in tourism, textile, light manufacturing exports, agricultural products and mining. Madagascar is the world's leading producer of vanilla and accounts for about half the world's export market. The Tourism sector targets the niche eco-tourism market and capitalizing on the country’s unique biodiversity, unspoiled natural habitats, national parks and lemur species.

The mining of ilmenite is a small but a growing part of Madagascar economy.Many projects on mining oil and gas are underway these would if turn out to be successful would the Malagasy economy a significant boost . The mining projects include the development of coal at Sakoa and nickel near Tamatave. In oil, Madagascar Oil is developing the massive onshore heavy oil field at Tsimiroro and ultra heavy oil field at Bemolanga.

Sector Profiles/Investment Opportunities Detail

SECTOR PROFILES

The largest sectors of the economy in 2007 were agriculture and transportation, accounting for 26.9% and 23.7% percent of GDP, industry was 12 percent and public administration had a 5 percent share. Among the major crops grown are rice,coffee, cotton, tobacco, sugarcane, cloves, cocoa, tapioca, vanilla, bananas and peanuts. ............Read More

 

INVESTMENT OPPORTUNITIES

The tourism sector in Madagascar is considered to be one of the most dynamic sectors of Madagascar. There is a strong potential for growth in tourism and has shown a 21 percent increase in foreign arrivals between 2004 and 2005. Madagascar offers attractions that have the potential to appeal to both the residents and tourists alike. . ..........Read More

 

 

Apex Bodies

Association des femmes entrepreneurs de Madagascar

Association des petites et micro entreprises de Madagascar

Centre des techniques et pratiques du commerce international

Chambre de commerce, d'industrie et d'agriculture d'Antananarivo

 

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Trade Fairs

Expo Madagascar

 

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Useful Information

MINISTRY OF THE ECONOMY, COMMERCE AND INDUSTRY

Ministère de l'Economie, du Commerce et de l'Industrie:

http://www.meci.gov.mg

NATIONAL INDUSTRY CHAMBER

Chambre de commerce, d'industrie et d'agriculture de Toamasina:

service-info@cciaa-toamasina.mg

 

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Mauritius Times

Ile Mauricie

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