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Johannesburg - The department of trade and industry (DTI) invites South African companies to apply to participate in the 6th Investment and Trade Initiative (ITI) to the Indian cities of Kolkata and Hyderabad from February 23 to 27 2015.
Minister of Trade and Industry Dr Rob Davies said the ITI is part of the DTI’s objective to create market penetration for South African value-added products and services in India and to promote South Africa as a trade and investment destination.
“The invitation is open to manufacturers and exporters in the agro-processing, chemicals, mining and minerals and capital equipment aiming to do business in India,” said Davies.
The ITI is also open to companies seeking to attract foreign direct investment and project owners seeking joint venture partnerships in pharmaceuticals, mining beneficiation, infrastructure and renewable energy.
The South African companies applying to participate in the mission will be screened and selected in line with the DTI’s Export Marketing and Investment Assistance Scheme (Emia) requirements.
The total trade between India and South Africa was worth R80.9bn in 2013 with a trade balance of R22.9bn in favour of India.
The approved companies will receive a subsistence allowance, an economy-class return airfares and excess baggage allowance for display material and samples.
The closing date for receipt of application forms is October 31 2014 and interested businesspeople are advised to get more information on the DTI website.
- Fin24
