Asia Africa Growth Corridor [AAGC]

By : Neha Dhyani

Updated : Apr 26, 2022, 9:59

In November 2016, PM Narendra Modi visited Japan, and the idea of the Asia Africa Growth Corridor [AAGC] was jointly declared by him and the PM of Japan, Shinzo Abe. This idea aims to institutionalise the socio-economic development of countries in Asia and Africa.

What is the Asia-Africa Growth Corridor (AAGC)?

India released the Asia Africa Growth Corridor [AAGC] vision document at the 2017 African Development Bank meeting. It is an economic cooperation agreement between India and Japan. The corridor seeks to socially, economically, and infrastructurally develop Africa and Asia and improve Africa's digital connectivity through Indo-Japan integration.

With the help of the Geographical Simulation Model (GSM), the AAGC seeks to improve Africa's economic condition through a collaboration with India, East Asia, South Asia, Southeast Asia, and Oceania.

Aim of the Asia Africa Growth Corridor [AAGC]

The Asia Africa Growth Corridor [AAGC] will be built on four foundational pillars: Development and Cooperation Projects, Enhancing Capacities and Skills, Infrastructure and Institutional Connectivity, and People-to-People partnership.

The aim of AAGC is also to prioritise development projects in agriculture, health, pharmaceuticals, disaster management, and agro-processing, which leads to growth in both Africa and Asia.

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Asia Africa Growth Corridor [AAGC] Significance

Historically, both Asia and Africa have struggled in economic growth and development. The AAGC brings opportunities for both Asia and Africa. Both regions benefit from relatively young demographics and a rising trajectory in their social indicators.

The Asia Africa Growth Corridor [AAGC] will be a moving factor for new production channel creation. This can ensure economic and technical cooperation for capacity building and spreading and developing existing value chains. The AAGC also helps facilitate greater contact between these two regions. It also aims to help achieve growth that is sustainable in the long term.

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Asia Africa Growth Corridor [AAGC] Vision

The Asia Africa Growth Corridor [AAGC] is based on several benefits for Asia and Africa. The AAGC helps achieve affordable and good quality products, which benefits countries in the region thanks to highly skilled software professionals.

The AAGC also aims to help Afro-Asian countries to industrialise and increase their export production. It aims to integrate existing programs of partner countries. It brings India success with a single-window custom clearance through SWIFT, which African countries can replicate.

Complementary Role of India and Japan in Africa

India has cooperated with Africa throughout its long history in development in capacity building and other contributions through programs like the Pan Africa e-Network. India also established the India-Africa Forum Summit (IAFS) to promote a structured engagement between India and Africa.

Japan plays a significant complementary role to other countries in overcoming their challenges. Japan also assists many countries in Africa. The country has proven expertise in developing, planning and dispatching hardware infrastructure.

The Asia-Africa Growth Corridor is designed to be responsive to equitable and sustainable growth requirements. Equal partnership, mutual trust, and cooperation help form development programs and projects.

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FAQs on Asia Africa Growth Corridor [AAGC]

Q.1) Who conceptualised the Asia Africa Growth Corridor [AAGC]?

In November 2016, Prime Minister Narendra Modi visited Japan, and the idea of the Asia Africa Growth Corridor [AAGC] was jointly declared by him and the Prime Minister of Japan, Shinzo Abe. This idea aims to institutionalise the socio-economic

Q.2) On which four pillars will the Asia Africa Growth Corridor [AAGC] be built?

The Asia Africa Growth Corridor [AAGC] will be built on the following four pillars: Development and Cooperation Projects, Enhancing Capacities and Skills, Infrastructure and Institutional Connectivity, and People-to-People partnership.

Q.3) What is the aim of the Asia Africa Growth Corridor [AAGC]?

The aim of the Asia Africa Growth Corridor [AAGC] is to prioritise development projects in agriculture, health, pharmaceuticals, disaster management, and agro-processing, which leads to growth in both Africa and Asia.

Q.4) What is the Asia Africa Growth Corridor [AAGC]?

The Asia Africa Growth Corridor [AAGC] is an India-Japan economic cooperation agreement seeking socio-economic development of Africa and Asia and infrastructure development and digital connectivity in Africa through Indo-Japan integration.

Q.5) What is the significance of the Asia Africa Growth Corridor [AAGC] for Asia and Africa?

Historically, both Asia and Africa have struggled in economic growth and development. The Asia Africa Growth Corridor [AAGC] brings opportunities for both Asia and Africa. Both regions benefit from young demography and an accelerating trajectory in their social indicators.