SOUTH
AFRICAN COMPANIES SHOULD TAKE ADVANTAGE OF THE GROWTH AND ECONOMIC DEVELOPMENT
IN INDIA
The
Deputy Minister of Trade and Industry, Mr Mzwandile Masina and the Chief
Minister of Indian State of Andhra Pradesh, Mr Sri Nara Chandra Babu Naidu
agreed to cooperate in order to deepen trade relations and also exchange best
practice models that could assist South Africa and India to advance economic
development.
This
emanated from the bilateral meeting that they held in Hyderabad, India where
both parties agreed to explore areas where South Africa and India would explore
cooperation investments, trade and infrastructure development.
Deputy
Minister Masina said the meeting was significant as it discussed areas where
South Africa and India could collaborate in different sectors that would create
sustainable jobs and grow their economies of their countries.
“There
are great opportunities offered by both countries to be explored in
manufacturing, agriculture and infrastructure development. Telengana as a new
state has a massive infrastructure plan that our companies could take part in
and collaborate with the local Indian companies,” added Masina.
He said
he was encouraged by Chief Minister Naidu’s work of moving the economy of
Andhra Pradesh State up the value chain especially in-bio technology,
pharmaceuticals, logistics and infrastructure roll-out, and that these were
important areas where South Africa could collaborate with this state.
Masina
extended an invitation to Naidu to lead a delegation of businesspeople to South
Africa to also explore such partnerships.
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