JOHANNESBURG - The Department of Trade and Industry (DTI) said on Tuesday that it would provide a group of companies with an opportunity to explore trade and investment opportunities in India when it leads the Outward Trade and Investment Mission to New Delhi and Mumbai from 4-8 March 2019.
“One of the dti’s strategic goals is to grow the South African manufacturing sector in order to promote industrial development, job creation, investment and exports. To achieve this objective, the department embarks on international missions in order to promote exports of South African value-added goods, and services to increase market share in markets located in various regions of the world. This will enable South African businesses to access global markets which will lead to them increasing their production, thereby growing the SA economy and creating the much-needed employment opportunities,” said the Minister of Trade and Industry, Dr Rob Davies.
The DTI said the purpose of the mission was to increase the trade of value-added goods and investment between South Africa and India.
"The companies’ trip is funded by the DTI through its Export Marketing and Investment Assistance Scheme. The objective of the scheme is to develop export markets for South African products and services and to recruit new foreign direct investment into the country," the department said.
"The mission will comprise of trade and investment seminars, business-to-business meetings and site visits. Companies which will participate in the mission are operating in the agro-processing, defence equipment, electro-technical and leather sectors."