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Modi thanks South Africa for backing NSG bid
Prime Minister Narendra Modi on Friday held talks with South African President Jacob Zuma on a wide range of issues aimed at boosting ties in the African continent, particularly in the economic sphere.
Pretoria: Prime Minister Narendra Modi on Friday held talks with South African President Jacob Zuma on a wide range of issues aimed at boosting ties in the African continent, particularly in the economic sphere.
Stressing industry-to-industry ties between India and South Africa for greater economic gains, Modi thanked Zuma for extending support to India's bid for membership in the Nuclear Suppliers Group.
“I am convinced that industry-to-industry ties not only can bring rich economic gains to our societies, they can give a new shape to our partnership, and drive it to new levels,” Modi said in a joint press statement with Zuma following delegation-level talks between the two sides.“And, in the process, also help both our nations to play a more robust regional and global role,” he stated.
Modi said that in the last two decades, the relationship between the two countries has been a story of strong advances and concrete achievements. “Two-way trade has grown by over 300 per cent in the last 10 years. Indian companies hold strong business interests in South Africa,” he said.
The Prime Minister said that one-fourth of India's investments in Africa were in South Africa. “And there is potential to expand our business and investment ties further, especially in the areas of mineral and mining, chemicals and pharmaceuticals, high technology manufacturing and information and communication technology,” he said.
The Prime Minister said the two countries could partner in the field of defence and security. “Both, at the level of industry and for our strategic and security needs. In India, this is one of the sectors witnessing a complete transformation,” he said.
The Prime Minister was of the view that companies from both countries could also pool their capacities to jointly develop or manufacture defence equipment and platforms. Modi said during Friday's talks, he and Zuma agreed on the need to work more closely on international issues and emerging global challenges.
