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Key Points

The Eurasia Afro Chamber of Commerce has chosen Tamil Nadu as its strategic headquarters for expanding global trade operations. Dr. Rohit Gupta announced plans to leverage the state's manufacturing strength for exporting electric vehicles and medical equipment to African nations. The organization is targeting substantial investments worth Rs 2000 crores through a guarantee-based export model. This initiative aims to strengthen economic ties between Asia, Africa, and Europe while positioning Tamil Nadu as a key global trade hub.

Key Points: EACC Makes Tamil Nadu Global Trade Hub for EV and Medical Exports

  • EACC signs agreement to make Tamil Nadu its operational headquarters for Asia-Africa trade
  • Targets exports of EVs and medical equipment to Ghana, Liberia, and Morocco
  • Plans to launch Global Investment Market by November-December 2024
  • Aims for Rs 2000 crore investment inflow through guarantee-based export model
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EACC to make TN hub for global trade and EV exports, says Rohit Gupta

Eurasia Afro Chamber of Commerce establishes Tamil Nadu headquarters to boost exports of electric vehicles and medical equipment to African markets, targeting Rs 2000 crore investments.

"“We are going to turn South India into a trade market with Tamil Nadu as our headquarters” - Dr. Rohit Gupta"

Chennai, Sep 10

In a significant step toward boosting international trade and investment, the Eurasia Afro Chamber of Commerce (EACC) announced plans to transform South India, especially Tamil Nadu, into a strategic trade hub, focusing on exports of medical equipment and electric vehicles (EVs).

The announcement came during an investor press meet held at a private hotel in Egmore, Chennai, with Dr. Rohit Gupta, Global President of EACC, addressing the media.

Highlighting the organisation's vision, Dr. Gupta said, “The main objective of this is to build trade relations between Africa and South India and strengthen the cross-border trade and investment framework based on the African economy and trade.”

He revealed that EACC has signed an agreement in South India, positioning Tamil Nadu as its operational headquarters to spearhead trade initiatives across Asia, Africa, and Europe.

“We are going to turn South India into a trade market with Tamil Nadu as our headquarters,” said Dr. Gupta, emphasising the state’s potential in manufacturing and exports.

He further added that the African market has a high demand for EVs and medical equipment, and with robust infrastructure already in place in Tamil Nadu, the exports would be routed from here.

“We have sent our business & purpose to the Tamil Nadu government, the Central government and all embassies,” he stated, confirming that dialogues are underway with relevant authorities.

Dr. Gupta announced that the Global Investment Market will be launched between November and December, pending approval from the Tamil Nadu government.

“Countries including Ghana, Liberia, and Morocco have asked for EVs and medical equipment. Since the infrastructure is here, we are going to export from here,” he noted.

The EACC is targeting an investment inflow of Rs 2000 crores, with export mechanisms being set up on a guarantee-based model.

“By connecting Asia, Africa and Europe, we want to strengthen the economic diplomacy, create equitable investment opportunities and accelerate sustainable global progress,” Dr. Gupta remarked.

- IANS

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Reader Comments

R
Rohit P
Finally some concrete action on making India a global manufacturing hub. African markets have huge potential and Tamil Nadu's infrastructure is perfect for this. Hope the state government gives quick approvals!
A
Arjun K
While this sounds promising, I hope they ensure fair trade practices and don't just exploit African markets. True economic diplomacy means mutual benefit, not one-sided advantage.
Sneha F
As someone from Chennai, I'm excited but also concerned about infrastructure pressure. Our roads and power supply need upgrades to handle increased industrial activity. Hope the government plans for this too.
K
Karthik V
₹2000 crores investment is massive! This could transform South India's economic landscape. Medical equipment and EVs are future industries - smart choice by EACC. Tamil Nadu leading the way as always! 💪
M
Michael C
Interesting development. India's manufacturing capabilities combined with African market access could create a powerful trade corridor. Hope the execution matches the vision.

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