India, South Africa aim $12 bn bilateral trade by 2012
The two governments can open up various opportunities and possibilities to give a boost to the bilateral trade, he said.
By PTI |
MUMBAI: India and South Africa are aiming to treble the bilateral trade between the two countries to $12 billion by 2012.
"Prime Minister Manmohan Singh has set the target of $12 billion for bilateral trade between India and South Africa," South African Minister in the office of the Presidency Essop Pahad said at a conference here.
The two governments can open up various opportunities and possibilities to give a boost to the bilateral trade, he said.
The minister said that South Africa can help India overcome its infrastructural woes.
"South African companies have expertise in repair of roads and they have the infrastructure technology to help India," he said.
Deep-level mining of gold is another area where South Africa has expertise which it can share with India, he added.
India is in talks with South Africa and Brazil for an agricultural trade treaty.
"A treaty would be signed between the three countries soon," Maharashtra Minister of Finance and Planning Jayant Patil said.
He, however, did not elaborate.
"Prime Minister Manmohan Singh has set the target of $12 billion for bilateral trade between India and South Africa," South African Minister in the office of the Presidency Essop Pahad said at a conference here.
The two governments can open up various opportunities and possibilities to give a boost to the bilateral trade, he said.
The minister said that South Africa can help India overcome its infrastructural woes.
"South African companies have expertise in repair of roads and they have the infrastructure technology to help India," he said.
Deep-level mining of gold is another area where South Africa has expertise which it can share with India, he added.
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India is in talks with South Africa and Brazil for an agricultural trade treaty.
"A treaty would be signed between the three countries soon," Maharashtra Minister of Finance and Planning Jayant Patil said.
He, however, did not elaborate.
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