India remains a strong and privileged partner for Senegal. Our diverse and multifaceted bilateral cooperation develops further by strengthening the institutional and financial mechanisms.
Concerning the economic side, it should be noted that the partnership with India concerns as well as the public sector, with funding from major governmental projects, and the Indian private sector, which intends to make Senegal as a hub for its development in West Africa.
Indeed, Senegal has benefited, from the Government of India, several Lines of Credit for a total amount of 333, 36 million USD between 2003 and 2014 in order to finance major publics projects in Agriculture (89.95 million of USD), rural electrification (37.5 million USD ), modernization of fisheries (29 million USD), construction of a modern Abattoir in Diamniadio (41.96 million USD) and purchase of 250 transport buses with spare parts and a training Center for Dakar Dem Dikk (26 million USD ).
Moreover, major Indian companies are already in Senegal, as IFFCO (Indian Farmers Fertilisers Cooperative Limited), a strategic partner of Chemical Industries of Senegal (ICS), Jindal Steel and Power for the construction of a Power Plant with a capacity of 350 megawatts, others are interested in our Country for investments in the industrial sector, such as Sree Sumangala Metals Pvt Ltd which intends to create an aluminum manufacturing Unit in Thies, in agriculture and agribusiness, with Nirmal Seeds for the production of certified seed.
Regarding trade, the partnership between Senegal and India have increased significantly in recent years, from 425.73 million US dollars in 2009- 2010 to more than 865 million USD in 2012-2013. So, India became, after France, the second largest trading partner of Senegal.
The prospects of our bilateral cooperation are promising as investment and trade opportunities with India are large and our country can benefit for the implementation of his priority projects contained in the Senegal Emerging Plan.