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TMI BlogIndia-South Africa Trade to Reach USD15 Billion Before 2014: Anand Sharma Second India South Africa CEO Forum Meet Takes Place.X X X X Extracts X X X X X X X X Extracts X X X X ..... India-South Africa Trade to Reach USD15 Billion Before 2014: Anand Sharma Second India South Africa CEO Forum Meet Takes Place. - News and Press Release Dated:- 30-8-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 29-August-2011 19:18 IST India-South Africa Trade to Reach USD15 Billion Before 2014: Anand Sharma Second India South Africa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CEO Forum Meet Takes Place The Union Minister of Commerce Industry and Textiles, Shri Anand Sharma expressed the confidence that India and South Africa will achieve the target of trade to USD15bn by 2014 before the deadline. We are satisfied on the growth of trade and investment relations between the two countries. .. We are hopeful to achieve the target of US$ 15 billion in the year 2014 s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aid Shri Sharma while interacting with the India South Africa CEO Forum along with his South African counterpart Dr Rob Davies here today. The CEOs of the two countries led by its two Chairmen, Mr Ratan Tata, Chairman, Tata Sons and Mr Patrice Motsepe, Executive Chairman, African Rainbow Minerals met for the second meeting of the India-South Africa CEOs Forum here today. They met with the object ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ive to give further impetus to the growing bilateral economic relations, the Indian and the South African CEOs. The meeting addressed the challenges and constraints hampering the growing economic partnership. The Sectoral Groups on Financial Services, Pharmaceuticals and Healthcare, Infrastructure and Energy, Manufacturing and Mining came out with a set of comprehensive recommendations which foc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... used on constraints and issues that confronted businesses on both sides in these sectors. The recommendations were presented to Mr Anand Sharma, and Dr Rob Davies, Minister for Trade and Industry, South Africa who joined the CEOs for an interaction. Taking forward the agenda of the first meeting that was held in August last year further, the sectoral Groups led by their respective Chairmen discu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssed at length issues like tariff barriers, visa constraints, early finalization of PTA, technology transfer etc that if addressed in the right manner would help in promoting bilateral trade and investments. The two Ministers took cognizance of the recommendations that were brought to their attention and assured the forum to look into their suggestions and recommendations. The Minister expressed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... their desire to expedite PTA negotiations. Both the ministers agreed that a friendly visa regime for business people should be established. In the year 2010-11, provisional figures show 37.64% increase in the bilateral trade which stood at US$ 10,643.52 million with export of US$ 4,161.51 million and imports of US$ 6,482.01 million. Investments from and into South Africa has also seen substanti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al rise. Indian High Commission figures put the cumulative value of Indian investment in South Africa at US$ 6.7 billion. Shri Sharma expressed happiness over the substantial and healthy growth in two way investment flows. Principal commodities of Export from India to South Africa includes: transport equipments, petroleum (crude products), drugs, pharmaceuticals fine chemicals, machinery and i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nstruments , electronic goods, manufactures of metals, plastic linoleum products, primary semi-finished iron steel gems jewellary. And the principal commodities of Import from South Africa to India are: Gold, coal, coke briquittes, metalifers ores metal scrap, inorganic chemicals, iron steel, non-ferrous metals, machinery except electric electronic, organic chemicals, pearls, preci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ous semiprecious stones, transport equipments The meeting was well attended by more than close to 35 South African and Indian CEOs. **** DS - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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