India, South Africa Bilateral Trade To Touch $15Bn By 2011

MUMBAI: Bilateral trade between India and South Africa is hoped to cross USD 15-billion by 2011. Presently the trade between the countries is only USD 4 billion. In a bid to encourage bilateral trade and give a platform for SMEs in both countries, a business conclave is being organised in Johannesburg by Indian Merchants Chamber and Business Unity South Africa from August 1-3.The conclave is aimed at forging an all-round strategic partnership between India and South Africa. The conclave would also be aimed at identifying business opportunities, forging technical collaborations and joint ventures.