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)

Google CEO names Sundar Pichai as new head of products Oct 25, 2:16 pm
Washington, Oct 25 (ANI): Google CEO Larry Page has reportedly transferred leadership of all cores Google products over to Sundar Pichai, who was formerly head of Android and Chrome OS.
Full Story
21 countries including China, India sign MOU on Asian infrastructure development bank Oct 25, 2:16 pm
Washington, Oct 25 (ANI): Twenty-One Asian countries including India, China, and Pakistan have signed an inter-governmental memorandum of understanding on the Asia Infrastructure Investment Bank for regional development.
Full Story
Russian weed maker buys Ebola.com for 200,000 dollars Oct 25, 2:16 pm
Washington, Oct 25 (ANI): Businessman Jon Schultz has reportedly sold Ebola.com for a whopping amount of 200,000 dollars, which he bought for 13,500 dollars in 2008.
Full Story
Apple planning to integrate Beats Music with iTunes next year: Report Oct 25, 11:58 am
Washington, Oct 25 (ANI): The iPhone maker, Apple is reportedly planning to re-launch Beats Music and integrating it with iTunes next year.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY