S Africa set target to get $ 100 bn investments in  5 yrs

S Africa set target to get $ 100 bn investments in 5 yrs

Agency News

Hyderabad, Sep 18 : South African has set a target to attract US 100 dollar billion investments in the next five years, South African High Commissioner to India, Joel Sibusiso Ndebele said here on Wednesday.

Addressing a Business Seminar on Trade and Investment Opportunities in South Africa organised by The Federation of Telangana Chamber of Commerce and Industry (FTCCI) in partnership with South African High Commissioner here, Mr Joel said India is very important market for us and we are open to do business.

''We are here to attract investments from our priority market India, he further said South Africa offers immense Business opportunities and potential for Indian corporate in General and Telangana in particular.

We have robust independent legal and judiciary system with high level of Industrial innovation, he claimed and said South Africa has given the best return on investments for investors for the last few years.

We are looking for investments in Pharma, IT, Infra, Renewable energy sectors'', Joel added.

Welcoming the well-attended gathering of corporate, Government officials and entrepreneurs , FTCCI Senior Vice-President Ramakanth Inani said, ''This Seminar is aimed at creating awareness about business opportunities and promoting trade and investment partnerships between India and South Africa. We are working closely with South Africa officials and facilitating trade and business opportunities for our region''.
The seminar among others was attended by FTCCI CEO Khyati Naravane, Regional Passport Officer E Vishnu Vardhan Reddy, South African Consulate General ( Mumbai) Acting Consul General Ms Lerato Mashile and South African High Commission ( New Delhi) Economic Counselor Mr Recado Andrews.(UNI)