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)

Typo stops iPhone keyboard sales as Blackberry-won injunction takes effect Apr 16, 3:14 pm
Washington, Apr 16 (ANI): Typo has reportedly stopped the sale of its add-on keyboard for the iPhone, after an injunction won by Blackerry took effect.
Full Story
Twitter shares soar in wake of Gnip acquisition Apr 16, 2:41 pm
Washington, Apr 16 (ANI): Twitter's market shares went up by more than11 percent after the social network announced that it was acquiring Gnip for an undisclosed price.
Full Story
Oman set to ban foreign workers from jobs to boost domestic economy Apr 16, 2:41 pm
Muscat, April 16 (ANI): Oman is planning to ban foreign expatriate workers in construction and housekeeping, as part of attempting to secure more jobs for its citizens and boost its economy.
Full Story
Amazon not keen on allowing Bitcoin to make payments Apr 16, 12:42 pm
Washington, Apr 16 (ANI): Amazon is reportedly not so keen on allowing the use of Bitcoin for making payments.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY