India has doubled its lines of credit (LOC) to Africa

(Pambazuka, Nairobi, 19 September 2011) From most indications, India and China, two leading emerging economies in the world, are competing with each other, as well as Africa’s traditional western trading partners, to build a stronger relationship with Africa... Of note is the reality that India cannot match China’s ‘deep pockets’ when it comes to resource diplomacy, state backing for private sector investments, and the provision of credit and aid to African countries... However, it is hard to ignore the similarities between the African strategies of India and China. In this regard, India has doubled its lines of credit (LOC)... India’s competition with China in Africa will serve as an interesting window on the way in which it affects Indian policy.