JOHANNESBURG– The inaugural India-South Africa Business Summit, which will be held later this month, will focus on doubling trade between the two countries, says India’s High Commissioner (aMBASSADOR) to South Africa, Ruchira Kamboj.
Addressing the media briefing here Tuesday, she said the summit was aimed at maximising the potential of economic relations between the two countries.
Trade between our countries stand roughly at 10 billion US dollars and we would like to see that number doubling in the coming years. We are confident that there is potential to double this figure. There are many sectors that our countries can co-operate in, Kamboj said.
The India-South Africa Business Summit, to be held on April 29 and 30 at the Sandton Convention Centre in Johannesburg, will focus on start-ups, the automotive, health care and pharmaceuticals sectors, as well as mining. Other areas to be looked at are agro-processing, women in business and the Fourth Industrial Revolution as these sectors have a potential for growth in a bilateral context.
The summit is about two countries, which have a rich history, coming together, “confident of a future that is there for both our countries”, Kamboj said.
The Summit will be held under the theme, United by Legacy, Unified for Prosperity.
The event is being organized by the High Commission of India, in partnership with the Indian Ministry of Commerce and Industry, Government of India; the Department of Trade and Industry; Invest India; the Confederation of Indian Industry and the the Gauteng Growth and Development Agency here.
Source: NAM NEWS NETWORK