South Africa-India-Economy

S/African companies seek opportunities in India

APA-Pretoria (South Africa)

The Ministry of Trade and Industry-sponsored trade and investment mission is aimed at increasing the trade of value-added goods and investment between South Africa and India, according to Trade and Industry Minister Rob Davies.

Davies said the five-day mission will introduce South African companies to the Indian market, apart from giving companies the opportunity to obtain export orders and generate trade leads.

“To achieve this objective, the ministry embarks on international missions in order to promote exports of South African value-added goods, and services to increase market share in markets located in various regions of the world,” Davies said.

The companies’ trip is funded by his ministry through its Export Marketing and Investment Assistance Scheme.

The objective of the scheme is to develop export markets for South African products and services and to recruit new foreign direct investment into the country.

Total bilateral trade between South Africa has increased significantly from US$4.7 billion in 2012 to $7.6 billion in 2017.

NM/jn/APA

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