A Mint report quoted Bharti group chairman Sunil Mittal as saying, ”Indian businessmen more committed than Chinese in Africa.” According to the report Mittal said that Indian businessmen are not aggressive as Chinese in Africa but they have long-term commitments for the development of the continent and have already invested billions of dollars.
When asked why Indian investors are not as aggressive as Chinese in Africa, Mittal said, ”They (Chinese) come and capture mines and resources in lieu of that, they will commit roads and projects. So yes, China can move very fast, their governments can take very quick decisions, because there is a national agenda there. In our case, there is free trade, promotion of trade, EXIM Bank is providing lines of credit. This is our regular way of business. We have invested now billions of dollars, and there is no lack of commitment from the Indian side.” Mittal said that there is increased respect of Indian businessmen in Africa. ”In many countries that I have visited, there is an increased respect for Indian way of investing as opposed to the Chinese way of investing,” he added.
Read the complete report here