The ITI, which will take place in Hyderabad and Kolkata from 23 – 27 February, forms part of the dti’s export and investment promotion strategy to focus on India as a high growth export market and foreign direct investment source.

The Deputy Minister said as a follow up to the 5th ITI held in March 2014, this ITI will target South African companies seeking to attract foreign direct investment and also project owners and managers seeking joint venture partnerships in agro-processing, cosmetics, pharmaceuticals, mining and mineral beneficiation, infrastructure, architecture and renewable energy sectors.

South Africa’s economic relations with India have flourished since the establishment of diplomatic relations in 1993. Closer economic ties are also fostered using initiatives such as the Joint Ministerial Commission and business engagements facilitated through the SA-India CEOs’ Forum.

Source: South African Government News Agency
Author: South African Government News Agency
Available: http://www.sanews.gov.za/business/sa-participate-indian-investment-trade-initiative