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High Commissioner Ruchira Kamboj on the boosting India-SA trade
South Africa is currently hosting the inaugural India-South Africa business summit which launched last night under the theme United by Legacy, Unified for Prosperity. CNBC Africa caught up with Ruchira Kamboj, High Commissioner of India to South Africa and Lesotho and spoke about the reasons for initiating a summit of its kind.
Mon, 30 Apr 2018 11:22:05 GMT
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AI Generated Summary
- Identifying key sectors with growth potential such as mining, pharmaceuticals, automobiles, renewables, and IT for collaboration
- Leveraging India's expertise in IT and the fourth industrial revolution to drive knowledge exchange and partnership
- Emphasizing the importance of honoring the legacies of Nelson Mandela and Mahatma Gandhi in uniting India and South Africa
The inaugural India-South Africa business summit, themed 'United by Legacy, Unified for Prosperity', has kicked off in South Africa with the aim of enhancing trade relations between the two nations. High Commissioner Ruchira Kamboj, representing India to South Africa and Lesotho, highlighted the central focus of the summit on boosting the economic ties and maximizing the potential in bilateral trade. The CEO forum has already convened, pinpointing key sectors with significant growth opportunities. Kamboj emphasized that this initiative is not a one-time event but will involve sustained efforts, including reciprocal delegations between the two countries. Through collaborative endeavors, both India and South Africa aim to elevate their trade relations to new heights.
During the summit discussions, several sectors were identified as having immense potential for growth. These include mining, pharmaceuticals, automobiles, automotive parts, renewables, the startup ecosystem, as well as IT and IT-enabled services in relation to the fourth industrial revolution. Kamboj underscored the importance of leveraging India's strengths in IT to facilitate knowledge exchange and collaboration in this area. The details of these partnerships will be further elaborated upon during subsequent engagements to ensure effective implementation.
Reflecting on the legacies of Nelson Mandela and Mahatma Gandhi, Kamboj emphasized the significance of these iconic figures in uniting India and South Africa. She noted that in today's challenging times, the message of peace embodied by Mandela and Gandhi holds particular relevance. By honoring and promoting the legacies of these great leaders, the summit aims to instill a sense of shared history and values in the youth of both nations, strengthening the bond between India and South Africa.
The India-South Africa business summit serves as a platform for fostering not only economic partnerships but also cultural and historical ties between the two countries. By building on the legacy of collaboration and unity exemplified by Mandela and Gandhi, the summit paves the way for a new chapter in the relationship between India and South Africa. As delegates continue to engage and explore opportunities for cooperation, the prospects for enhanced trade relations and mutual growth appear promising.
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