About the Project
recent years, the BRICS countries have emerged as not only major
recipients of foreign direct investment (FDI) but also as important
outward investors. Although Africa receives only four percent of
BRICS FDI outflow, BRICS countries rank among the top investors in
part of the BRICS group, India has emerged as an economic power in
the past two decades and this growth has been accompanied by an
increase in demand for goods and resulted in a subsequent increase
in investment towards African countries in sectors such as
agriculture, minerals & mining, oil. The bulk of research that has
been undertaken on Indo-African ties has focused on the nature of
this bilateral engagement at a macroeconomic level however it has
become quite evident in the past few years that there is a need to
analyse the impact of foreign investments on local communities in
order to further fine-tune investment policies of African nations to
align them with interests of local communities.
Against this backdrop, Consumer Unity & Trust Society
(CUTS-International) with support from Heinrich Boll Stiftung
Foundation is carrying out a project entitled The Critical
Dimensions of Indian Investments in Africa (IIA), from 1 December
2013 to 31 October 2014. The project will attempt to analyse the
impact of Indian investors in selected African countries making use
of the nine principles of the National Voluntary Guidelines on
Social, Environmental and Economic Responsibilities of Business (NVGs)
as well as other applicable rules and regulations.
project will seek to:
the impact that current Indian investments have had on the
sustainability of local communities, as a lesson for future
policymaking and implementation at the national levels in select
‘host’ African countries.
Initiate civil dialogue on investment issues by actively engaging
with local stakeholders at various stages of the report
development including in the dissemination of results.