At a recent conference in New Delhi, Noel Tata from TATA International Ltd. proposed using the Indian rupee for trade between India and Africa, aiming to break free from the dollar’s dominance in global trade. This move is part of a broader "rupee revolution," reflecting similar efforts by Malaysian Prime Minister Anwar Ibrahim, who also suggested trading in rupees with India. 

Tata and Sanjiv Puri from ITC see this shift as a way to boost economic ties and explore new opportunities, especially in agriculture, which could enhance food security in Africa. Both leaders are excited about leveraging Africa’s resources and deepening economic connections through these innovative trade strategies.

Tata also shared India’s long-term vision of strengthening its economic partnerships within global trade frameworks, like the African Continental Free Trade Area (AfCFTA). He wants India to be seen as a “Friend of the World” and strengthen its global role through these partnerships.

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