The growing partnership between India and Africa will advance ‘south-south cooperation’ – an important means of addressing global imbalances, said Ashish J Thakkar, Chairman of United Nations Foundation-Global Entrepreneurs Council (UNF-GEC).

"It will also be directly responsible for reducing regional poverty, eliminating hunger, enhancing health and well-being, enabling education for all through the sustained and inclusive economic growth, employment and work for the people of both regions," he added.

Representatives of 54 African nations including heads of state and government of around 40 countries and powerful African Union are expected to participate in the four-day Summit beginning October 26. The main summit will be held on October 29.

"Prime Minister Narendra Modi’s initiative with regards to the India-Africa Summit is of significant importance.

"The forthcoming summit paves the way for greater strategic engagement between two very important regions and will spur economic growth not just from business-to-business perspective, but also enhance people-to-people engagement, UNF-GEC said quoting Thakkar in a release.

The UNF-GEC is committed to working with the political and business leaders of both regions to further enhance this people-to-people engagement in an effort to create a sustainable connect between businesses and entrepreneurs, he added.

The UNF-GEC believes an enduring partnership between India and continental Africa can create a roadmap that will accelerate the dreams of one-third of world’s population living in these two regions.

The statement further said it will also directly advance the 2030 agenda for sustainable development embodied through the United Nations Sustainable Development Goals.