Newswala.com - The Best Source for online news
The Hyderabad-Deccan English Daily
Anmol Ratan - May Solve BP and Sugar Problems

India and South Africa's bilateral trade USD 15 billion by 2014


India and South Africa's bilateral trade USD 15 billion by 2014

The Federation of Andhra Pradesh Chambers of Commerce & Industry in
association with South African Consulate General, Mumbai organized an
interactive meeting with His Excellency Mr. Pule Malefane, Consul
General, South African Consulate General, Mumbai
Mr. Devendra Surana, President, Ms. Seema Sardha, Consul (Economic),
South African Consulate General, Mumbai, Mr. Srinivas Ayyadevara,
Senior Vice President, Mr. Shyam Sunder Pasari, Chairman,
International Trade Committee, Mr. M.V. Rajeshwara Rao, Secretary
General was the other key speakers at the occasion.on 26th June 2012
at Federation House, Red Hills, Hyderabad.PIC.RSJTHOMAS

Mr. Pule Malefane said that the Commercial relations between India and
South Africa have flourished since the establishment of diplomatic
relations in 1993. On the trade front, value of bilateral trade was
USD 6.3 billion in 2010-11 and is expected to reach USD 15 billion by
2014. India and South Africa have a common approach on many global
issues, including UNSC reform, the future of multilateralism, climate
change, South-South Cooperation and multilateral trade negotiations.
Exports from India to South Africa include Information Technology & IT
Enabled Services, Vehicles and Components thereof, Transport
Equipment, Drugs and Pharmaceuticals, Engineering goods, Footwear,
Dyes and intermediates, Chemicals, Textiles, Rice, Gems and
Jewellery, etc. Imports from South Africa to India include Coal,
Diamond, Gold, Iron Ore, Auto Components, Gold, Steam Coal, Manganese
Ore and Minerals, etc.

The South African business environment is deemed to be broadly
attractive and is one of the most sophisticated in sub-Saharan Africa.
A World Bank survey has ranked South Africa third most attractive
among emerging markets for doing business. The South Africa's
transportation infrastructure is among the best in Africa, supporting
both domestic and regional needs. South Africa has rich mineral
resources. It is the world's largest producer and exporter of gold and
platinum and also a significant amount of coal. SA's another major
export is diamonds. South Africa's major trading partners include the
United Kingdom, the United States, Germany, Italy, Belgium, China,
Japan and India Mr. Pule Malefane said.

Mr. Devendra Surana, President, FAPCCI state that our State of Andhra
Pradesh has well-developed social, physical and industrial
infrastructure and virtual connectivity. It has good Power, Airport,
IT and Port Infrastructure. It has emerged as a key state for the
knowledge-based industry including IT, Pharmaceuticals and
Biotechnology. Over 70 of the 500 top global corporations are present
in the State. Vast natural gas reserves found in the Krishna - Godavari
basin have opened up immense possibilities for the state economy.
Moreover, the state offers a wide range of fiscal and policy
incentives for businesses under the Industrial Investment Promotion
Policy, 2010-2015. Additionally, the State has well drafted
sector-specific policies, besides having a large base of skilled,
semi-skilled and unskilled labour, making it an ideal destination for
the knowledge sectors.

Investment opportunities are abundant specifically in the
manufacturing sector which includes food processing, floriculture,
agro processing, petrochemicals, metals, textiles, leather, mining,
transport equipment, telecom and so on. The infrastructure sector is
rife with opportunities, be it the areas of power, ports, roads,
bridges, telecom facilities, development of coasts, waterways…
Financial services, R&D and Tourism, particularly medical tourism,
offer plenty of scope for investment. I request the visiting
dignitaries to kindly impress upon the South African Businessmen and
invite them to our State for exploring the business opportunities Mr.
Devendra said.



India and South Africa's bilateral trade USD 15 billion by 2014India and South Africa's bilateral trade USD 15 billion by 2014India and South Africa's bilateral trade USD 15 billion by 2014
India and South Africa's bilateral trade USD 15 billion by 2014



2012-06-26




Comments


No comments yet! Be the first one to leave a comment.


Add Comment

Name:
Comment:
Enter the number in the image on the right Enter the Numbers in the image

Related News

     
     

Hyderabad News Osmania General Hospital building dismantling opposed
Osmania General Hospital building dismantling opposed Hyderabad 28 July, 2015: Captain Pandu Ranga Reddy president Voice of Telangana strongly opposed the proposal to dismantle historical Osmania General Hospital building and strongly condemned the orders of Chief Minister K Chandrasekhar Rao.

He told that the old building of Osmania General Hospital has been declared the best heritage building and the hospital was built during the period of Nizam VII with 1000 beds. The aim was to provide free medical facility to the citizens.

Captain Reddy demanded that the Telangana government withdraw its decision of dismantling the building. The building has become dilapidated due to the prej ... Read More
Latest Headlines
Right Arrow Rahul Gandhi to visit Telangana in August third week
Right Arrow TPCC plans dharna on Aug 4 on weaker section housing
Right Arrow MANUU to offer spot admissions for vacant seats
Right Arrow National Lok Adalat on 8th Aug 2015
Right Arrow Gowra Srinivas elected as Vice President of FTAPCCI
Right Arrow Telangana Government asks Centre to ensure release of Hyderabadis from ISIS
Right Arrow KCR for complete ban on 'Gudumba'
Right Arrow Andhra Pradesh to get Rs. 237 Cr Central assistance for drought-hit areas
Right Arrow Andhra Pradesh and Telangana weavers' delegation calls on PM
Right Arrow Congress to book cases against TRS Government for farmers suicides
Right Arrow Cyberabad Police seeks UNHCR Cooperation to keep tabs on Rohingya Refugees
11 eve teasers nabbed by SHE teams of Hyderabad City Police
11 eve teasers nabbed by SHE teams of Hy
Greater Hyderabad Youth Association (GHYA) pays rich tributes to Dr. A.P.J.Abdul Kalam
Greater Hyderabad Youth Association (GHY
Aam Aadmi Party Telangana takes out silent rally in Hyderabad to pay tribute to APJ Abdul Kalam
Aam Aadmi Party Telangana takes out sile
Crescent sighted, Eid-ul-Fitr on Saturday 18th July 2015 in Hyderabad
Crescent sighted, Eid-ul-Fitr on Saturda
This page was created in 0.0431067943573 seconds