Indian investments in mining and agriculture in Africa: impact on local communities
The research project analyses the impact of Indian investors in selected in select African countries (namely, Kenya, Uganda, Zambia and Etopia) 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. In recent years, the BRICS (Brazil, Russia, China and South Africa) countries have emerged not only as major recipients of Foreign Direct Investment (FDI) but also as important investors. At the 2013 BRICS Summit too, leaders expressed their commitment to ‘stimulate infrastructure investment on the basis of mutual benefit to support industrial development, job creation, skills development, food and nutrition security. BRICS countries are increasingly becoming significant investors in Africa and although Africa receives four percent of BRICS FDI outflows, BRICS countries have joined the ranks of top economic bloc in Africa.