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Addressing the gathering, Labane invited Indian businesses to leverage South Africa as a gateway to the African continent. Healso highlighted South Africa’s G20 presidency, which prioritizes the G20–Africa Cooperation Agenda, focusing on inclusive growth, healthcare investments, digitalisation, decarbonisation, and the African Continental Free Trade Area (AfCFTA) to strengthen global partnerships.
A South African delegation visited India to enhance bilateral economic cooperation and held talks with business men. The delegation was led by Gideon Labane, Consul General, South African Consulate General Mumbai, and Ledile Bambo, Head of Delegation, Department of Trade, Industry and Competition, South Africa. Policymakers and industry representatives discussed sectoral opportunities, investment-friendly policies, and the role of India–South Africa cooperation through multilateral platforms such as BRICS, G20, and IBSA.
Addressing the gathering, Labane invited Indian businesses to leverage South Africa as a gateway to the African continent. Healso highlighted South Africa’s G20 presidency, which prioritizes the G20–Africa Cooperation Agenda, focusing on inclusive growth, healthcare investments, digitalisation, decarbonisation, and the African Continental Free Trade Area (AfCFTA) to strengthen global partnerships.
Bambo outlined incentives for Indian manufacturers setting up operations in South Africa, including export promotion schemes, building allowances, customs and excise duty incentives, and corporate tax benefits. “South Africa is not in competition with India, but in complementarity. India brings technology, scale, and investment, while South Africa provides inputs, capabilities, and access to wider African markets. Together, we can co-create value and drive inclusive industrial growth,” she said.
Industry representatives raised questions on electronics, food processing, special tax incentives, and SEZ opportunities, which were addressed by the delegation.
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Priya Pansare, Director–Trade and Investment Promotions, WTC Mumbai, said that India and Africa share a strong partnership spanning over three decades, supported by robust trade ties and platforms like BRICS, G20, and IBSA. “The enthusiastic response from business delegates reinforces our confidence that bilateral trade between India and South Africa is set to double in the coming years,” she said.