http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.01Change: 0.00
R/$ = 10.67Change: -0.04
Au 1287.51 $/ozChange: 0.01
Pt 1424.50 $/ozChange: -1.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 29, 2012

SA a natural business partner, says Indian High Commissioner

Back
Construction|Johannesburg|Africa|BEML|Defence|Ghana|Welding|Africa|Algeria|Angola|Austria|Botswana|Brazil|China|Ethiopia|Ghana|India|Indonesia|Japan|Kenya|Libya|Malawi|Malaysia|Mali|Morocco|Mozambique|Poland|Senegal|South Africa|South Korea|Sudan|Tanzania|Tunisia|Uganda|United Kingdom|United States|Zambia|Zimbabwe|Information Technology|Manufacturing|Mining|Kanyana Bhat|Nagendra Kumar|Rail|Virendra Gupta|East Africa|Information Technology
Construction||Africa|Defence|Ghana|Welding|Africa|Angola|Ghana|Kenya|Tanzania|Zambia||Mining|Rail|||
construction|johannesburg|africa-company|beml|defence|ghana-company|welding|africa|algeria|angola|austria|botswana|brazil|china|ethiopia|ghana|india|indonesia|japan|kenya|libya|malawi|malaysia|mali|morocco|mozambique|poland|senegal|south-africa|south-korea|sudan|tanzania|tunisia|uganda|united-kingdom|united-states|zambia|zimbabwe|information-technology-industry-term|manufacturing|mining|kanyana-bhat|nagendra-kumar|rail|virendra-gupta|east-africa|information-technology
More Insight
© Reuse this



India’s High Commissioner to South Africa has affirmed that the historical links between the two countries, rooted in their mutual support for their respective freedom struggles, provide a firm base for trade and investment between them. The two countries enjoy “a very cordial relationship”, high- lighted High Commissioner Virendra Gupta. “Our leaders meet frequently.

“We have a unique relationship between our two countries, built on this very strong foundation,” he said. “There is a natural willingness to partner with South Africa. There are business opportunities created for India; there are business opportunities created for South Africa. These create wealth; these create jobs.”

“We have, between our two countries, a very robust economic engagement . . . despite global recessionary pressures,” he stated. In addition to trade and investment, there were also strong exchanges in sectors such as tourism – particularly Indian tourists to South Africa – and information technology.

He was speaking at the recent opening of a Johannesburg office by Indian State-owned diversified manufacturing company BEML. This is the group’s first office in Africa.
“This is a very important event from our perspective, from a national perspective,” enthused Gupta at the opening function. “This is a very important step that has been taken by the Indian corporate sector.”

“Our vision is to become a market leader diversified company and emerge as an international player,” said BEML international business division assistant GM Nagendra Kumar, who is responsible for Africa. He indi- cated that the company was keen to establish a post-sales service centre in South Africa and could set up a spares warehouse as well.

“We have 19 warehouses in India,” he pointed out. “We [also] have warehouses [abroad] in strategic locations.” The company already has what it calls “global establishments” in Brazil, China, Indonesia and Malaysia.

BEML is already active in South Africa, Angola, Botswana, Ethiopia, Ghana, Kenya, Libya, Malawi, Mali, Morocco, Sudan, Tanzania, Tunisia, Uganda and Zimbabwe. It has local distributors in Ghana and Zimbabwe. In addition, it is targeting Algeria, Senegal and Zambia for new business. The company is also interested in Mozambique. The opening of the Johannesburg office is intended allow the further development of its business in South Africa and Southern and East Africa. “The connectivity with other African countries and the presence of financial institutions, banks and major mining companies make Johannesburg an ideal location from which to service markets in Zimbabwe, Zambia, Botswana, Mozambique and Tanzania along with South Africa,” affirmed BEML international marketing head Kanyana Bhat.

The company, which had a turnover of $800-million in 2009/2010, is organised into three main business groups – mining and construction, defence and rail and metro – and four new business divisions (technology, trading, aerospace manufacturing and international business). It has close to 12 000 employees. It has a number of international partnerships, with Komatsu of Japan (in mining and construction), Rotem of South Korea (rail and metro), IGM of Austria (for welding robots), Bumar Labedy of Poland (defence – armoured recovery vehicles) and Tatra Sipox of the UK (a subsidiary of the Czech Tatra company, for 4 × 4 and 8 × 8 trucks). Another partner, for draglines and shovels, was Bucyrus of the US. Although Bucyrus was taken over by Caterpillar last year, this will not affect BEML’s dragline and shovel business.

The company originally started out as a defence concern and, despite its diversification, remains under the aegis of the Indian Ministry of Defence. Founded in 1964, it was listed in 1992 and is now 54% State-owned and 46% publicly held. All its businesses are ISO 9001:2008 certified. It has exported to more than 58 countries. Last year, its exports of both goods and services came to some $350-million.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Rail News
The JSE-listed Imperial group breached the R100-billion revenue mark for the first time in the past financial year, ended June 30. Revenue was up 12% on the previous financial year, to R103.6-billion, with operating profit up 2%, to R6.2-billion.
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
As rail transporters Transnet Freight Rail (TFR) and Swaziland Railway take the Swaziland Rail Link project, which was expected to eliminate non-coal traffic on the export channel from the Mpumalanga coalfields to Richards Bay, into the feasibility front-end loading...
Article contains comments
More
 
 
Latest News
The pump prices of both grades of petrol and wholesale diesel, as well as the maximum retail prices of illuminating paraffin and liquefied petroleum gas (LPG), are set to decrease from September 3, the Department of Energy said on Friday. Petrol would drop by 67c/l,...
The amount owed to municipalities for services has continued to rise, reaching R94-billion by June, compared with the R93.3-billion recorded in December. Households still accounted for the bulk of the aggregate municipal consumer debts; however, this had declined...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks