Jumat, 20 Januari 2012

Potential India eyes Africa

Cape Town (CNN)- Asian trade and investment in Africa is growing, but where investment in Africa have traditionally concentrated on natural resources, the India seeks to diversify its interests in the African continent.

In recent years, the India made new entering African markets. Tata, who owned one of the richest men in the India, recently built a new plant for the manufacture of trucks outside Pretoria, South Africa, producing heavy vehicles that are sold in Africa.

"You can't constantly keep import vehicles finished," Raman Dhawan, who heads operations in Africa of Tata, said CNN's Robyn Curnow.

"We really starts with Assembly just commercial vehicles, which is the trucks and bus chassis, and so we move forward, Yes, we will explore other," he added. "Therefore, the fundamental thing is that you need to make investments, adding value locally and this is what we really followed."

Tata, says that the value of its projects of South Africa - from cars to telecoms on metals and hotels - totals approximately $ 1.6 billion.

The India, quickly known as modernization of industries and middle class growth fuelling some of this growth on African markets.

Patel Safiya is a lawyer in mergers and acquisitions, which specializes in helping clients Indians. "We have witnessed an acceleration of investors Indians in South Africa over the past five years", she said. "It was phenomenal, absolutely phenomenal."

"At this time, we help investors in a range of sectors." Pharmaceutical products is great, but I would say mining is top of the list now, and it is because the India itself is a challenge enormous power and coal is a product that is highly sought in India, ", she added."

Abdullah Verachia advises companies on the emergence of economies BRICS - Brazil, Russia, India, China and South Africa.

"As we are today, 57% of the world's population is either Chinese, Indian or African and strategic implications", he said. "Political implications, implications for South-South cooperation and implications for the business sector in Africa, India and China."

China's investment far exceeds the India. China should invest more than 100 billion in Africa, this year, more than double the 46 billion invested by the India, according to the India Africa Business Network.

But a difference between China and the India is that Indian Affairs is dictated by the private - sector especially successful family businesses such as the Tata conglomerate - who are tempted by the strong growth and new markets in Africa.

But this influx of investments is relatively one sided so far. The rate of African countries, set up the store in Asia is low and some fear that Chinese and Indian companies are harming local manufacturing such as textiles, sectors with their cheaper products at the wheel of African business to business.

Analysts say tariffs on African exports must be lowered in India and reduce the red tape if Africa is really participate and benefit from these new Eastern investment flows.



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