October 2013, India:At the Special Roundtable on Africa and Global Trends in Energies and Metals recently conducted in Paris, France by OECD, Mr. Adwait Chaturvedi, Executive Director – Operations, OIA was invited as one of the panelists to discuss crucial points leading to growth in Africa through energies and metal sectors.
The roundtable conference was graced with the presence of key influential speakers such as Mr. Mario Pezzini, Director - Development Centre, OECD, Mr. Daniel Kablan Duncan, Prime Minister - Cote d'Ivoire and Mr. Lamido Sansui, Governor - Central Bank of Nigeria to name a few.
In his keynote address, Mr. Chaturvedi spoke about reduction of transport infrastructure costs, making reliable energy supply and communication technologies easily available, development of skilled workforce and entrepreneurial skills along with supportive government policies and investments in multiple infrastructure projects such as Construction, Railways, Roads and Agro-processing industries with easily available domestic funding.
He shared his belief that, the necessary reforms will lead to stable profit margins, enhanced productivity and overall competitive business environment.
On a concluding note, Mr. Chaturvedi identifiedfew bottlenecks such as bureaucratic formalities, low technical expertise and security to name a few and suggested few solutions to counter them. He also mentioned that the bottlenecks identified and the solutions proposed are not earth shattering but are easy fixes that can do the trick and pave the way for a truly progressive Africa.