India, South Africa agree to expand bilateral cooperation

   May 3, 11:31 am

Pretoria (South Africa), May 3 (ANI): India and South Africa have agreed to step up bilateral cooperation in areas such as trade, infrastructure, tourism and energy.

The move came soon after high-level talks between President Pratibha Devisingh Patil and her South African counterpart Jacob Zuma in Pretoria.

Earlier, the South African government held a special ceremonial reception for President Patil in Pretoria, following which Patil and Zuma addressed a joint press gathering revealing the details of their discussions.

Inviting India to boost South Africa's infrastructure program, Zuma called for enhanced bilateral ties.

"We would like to further enhance cooperation with India in a number of areas especially infrastructure development, training, trade and tourism. South Africa received enormous support and encouragement from India and our other BRICS partners, Brazil, Russia and China in our major infrastructure development plan. We once again extended an invitation to Indian business to invest in our infrastructure development program," said Zuma.

Meanwhile, Patil said there were several areas that were yet to be tapped and explored by Indian and South African businessmen to provide the much-needed impetus to bilateral growth.

"While expressing satisfaction over the current state of our relations, we did feel that considerable opportunities existed which are needed to be fully explored, particularly in the area of trade and economic cooperation. Indian companies are investing in capacity building by systematic training of South Africans, creating jobs and playing an important role in the development and economic growth of South Africa," said Patil.

In 2010-11, bilateral trade between India and South Africa was pegged at over 11 billion dollars. The trade turnover target is expected to reach 15 billion dollars by 2014.

India mainly exports mineral oil, textiles, chemicals and pharmaceutical goods to South Africa. New Delhi's main import from Pretoria remains gold. (ANI)

Carzonrent to focus on technology evolution with launch 'COR Ride App' May 26, 6:14 pm
New Delhi, May 26 (ANI): Carzonrent (India) Pvt. Ltd. (CIPL), India's largest diversified Urban Mobility services raised the bar of technology evolution in the App Commerce ecosystem with the launch of its 'COR Ride App'.
Full Story
No need to panic about presence of chemicals in bread: AIIMS Director May 26, 5:35 pm
New Delhi, May 26 (ANI): There is no need to panic much in the long-term about presence of potassium bromate and potassium iodate in the pre-packaged daily bread but excess of anything should be avoided, a top AIIMS official said at an ASSOCHAM event held in New Delhi today.
Full Story
Emirates to offer redesigned Iftar boxes to customers for Ramadan May 26, 5:24 pm
New Delhi, May 26 (ANI): Dubai based Emirates airline is bringing back its Iftar service for customers travelling during the holy month of Ramadan as the airline company will offer special re-designed boxes to its on-board passengers across all cabin classes on select flights including those to and from the Gulf region as well as Umrah groups travelling to Jeddah and Medina.
Full Story
ClearTax to make debut investment in India with Founders Fund Angel May 26, 4:22 pm
New Delhi, May 26 (ANI): India's leading tax filing platform ClearTax has secured investment of Rs. 13.5 crore (USD 2 million) in its pre-Series A funding round. The round saw participation by Sequoia Capital and Founders Fund Angel, each investing USD one million into the Bangalore-based venture.
Full Story
Comments