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Hilbroy Advisory: India woos Africa with aid, technology, hoping to gain 'soft power' advantage
Hilbroy Advisory: India woos Africa with aid, technology, hoping to gain 'soft power' advantage
Across Africa, India is reaching out with a generous mix of aid, education and technology transfers it hopes will pay rich dividends in the global scramble for natural resources.
Montreal,
Quebec,
Canada
(prbd.net)
23/05/2011
Montreal, Quebec, May 20th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: India is setting up a diamond processing facility in Botswana. In Uganda, it's building a center to train businesses about global markets. In four of Africa's poorest countries, Indians are helping cotton farmers improve their yields.
Across Africa, India is reaching out with a generous mix of aid, education and technology transfers it hopes will pay rich dividends in the global scramble for natural resources.
Over the weekend, Indian Prime Minister Manmohan Singh and scores of business leaders flew to Ethiopia for a meeting with African leaders aimed at prying open doors for greater business opportunities.
India's interest in Africa is not surprising. The country has long-standing ties to the continent and a serious energy shortage for its rapidly growing economy. And it has a rival, China that has become a major player in many African economies.
While New Delhi insists its goal in Africa is not to counter Beijing's moves, India clearly wants to broaden its footprint on the continent, trying to make sure its growth is not hobbled by a shortage of raw materials.
India is also looking to Africa to bolster its foreign policy goals, especially its bid for a seat on an expanded U.N. Security Council. New Delhi also wants closer defense ties with African states bordering the Indian Ocean in the fight against terrorism and piracy.
Indian investments in African countries have been growing at a fast clip, with around 250 Indian companies investing mainly in telecommunications, chemical and mining companies.
But in the past decade, China has plowed billions of dollars into Africa, building roads, bridges, railways and power installations in return for access to markets and resources. China's trade with Africa is expected to top $110 billion by the end of this year.
India hopes to increase its current $46 billion trade with the continent to $70 billion by 2015. The government is also doubling its credit lines to Africa to $5.4 billion.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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