Calling for greater cooperation among business communities in India and South Africa, Indian high commissioner to South Africa Satyabrata Pal on Wednesday said Indian investors can invest in banking, IT, energy and mining sectors in Africa."Trade between India and South Africa has grown but the pace of growth needs to be accelerated to give a fillip to trade in the region," he said while speaking at interaction with the business communities from India.
Organised by the South Indian Chamber of Commerce and Industry, the meeting deliberated on bridging the "information gap" as also identifying the problems faced by Indian business community while investing in South Africa.A delegation of six ministers from South Africa will visit India early next year to tap the Indian investment for the region, he said, adding, "Our target is to achieve a business of $5 billion by 2007."
Mr Pal said the South African government was "politically committed" to achieve greater export-import activity between the two countries and was looking up to India for trade and development.On the lack of direct flights to SA, the high commissioner said a proposal in this regard had been given to the aviation ministry.
Organised by the South Indian Chamber of Commerce and Industry, the meeting deliberated on bridging the "information gap" as also identifying the problems faced by Indian business community while investing in South Africa.A delegation of six ministers from South Africa will visit India early next year to tap the Indian investment for the region, he said, adding, "Our target is to achieve a business of $5 billion by 2007."
Mr Pal said the South African government was "politically committed" to achieve greater export-import activity between the two countries and was looking up to India for trade and development.On the lack of direct flights to SA, the high commissioner said a proposal in this regard had been given to the aviation ministry.