Johannesburg: Collaboration Between India and South Africa Takes Center Stage
At the India-South Africa Business Conclave 2025 in Pretoria, experts from diverse sectors gathered to explore the potential for cooperation between the two nations. They discussed opportunities and challenges in various industries, including academia, defense, automotive, banking, IT, pharmaceuticals, FMCG, and tourism.
Mtho Xulu, President of the South African Chamber of Commerce and Industry (SACCI), emphasized the importance of economic diplomacy. “While our political ties are strong, the real work happens through economic collaboration,” he stated. He also signed a Memorandum of Understanding with the India Business Forum (IBF), which serves over 150 Indian businesses in South Africa.
Nihar Patnaik, President of IBF, echoed this sentiment, highlighting the need for sector-by-sector cooperation to voice their shared concerns to the government. In the defense sector, Dr. Nivan Moodley from SAAB explained the company’s strategy for growth. He mentioned that world conflicts have prompted a significant increase in their production capabilities in India, benefiting both local and global markets.
In automotive discussions, Mikel Mabasa, CEO of the National Association of Automobile Manufacturers of South Africa, pointed out that vehicles from India are now comparable in quality to global leaders. This opens doors for Indian Original Equipment Manufacturers (OEM) to thrive in South Africa and other African markets, according to Renee Moothilal, CEO of the National Association of Automotive Component and Allied Manufacturers.
Mahindra SA’s CEO, Rajesh Gupta, shared how his company is expanding its South African operations, viewing the country as a key location for future growth. Tata Motors South Africa’s CEO, Harneet Luther, emphasized their commitment to societal contribution, showcasing initiatives that involve bringing South African youth to India for skill development.
The panel discussions also touched on academic and financial inclusivity. Dr. Saul Levin, from Trade and Industrial Policy Strategies, noted that changing geopolitics create new opportunities for collaboration. Vinesh Kassen of ABSA Bank highlighted lessons South Africa could learn from India, particularly regarding financial inclusion for previously unbanked citizens.
Lastly, Stavros Nicolau of Aspen Pharmacare expressed concern over U.S. policy changes affecting global healthcare, particularly in the context of HIV treatment access. His involvement with the G20 highlights the interconnectedness of global health issues and economic policies.
As nations navigate economic challenges and global partnerships, events like this conclave underscore the importance of dialogue and shared goals. The collaboration between India and South Africa not only strengthens trade but also fosters mutual growth across various sectors.
For more on the evolving dynamics of international relations and economic growth strategies, you can visit the World Bank report.
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Source linkSACCI, PRETORIA, INDIA SA BUSINESS CONCLAVE, EXPERTS HIGHLIGHT OPPORTUNITIES, CHALLENGES FOR INDIA-SOUTH AFRICA COLLABORATION IN DIVERSE SECTORS
