http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.21Change: 0.10
R/$ = 11.24Change: 0.03
Au 1216.55 $/ozChange: 7.86
Pt 1281.50 $/ozChange: -20.50
 
 
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|Service|Services|Kanyana Bhat|Nagendra Kumar|Rail|Virendra Gupta|East Africa|Information Technology
Construction||Africa|Defence|Ghana|Welding|Africa|Angola|Ghana|Kenya|Tanzania|Zambia||Manufacturing|Mining|Service|Services|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|service|services|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
CoAL CEO David Brown
Updated 1 hour 11 minutes ago A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly seven-million tons of saleable...
Brian Molefe and Jon Evans
South African rail utility Transnet signed its first long-term take-or-pay agreement with a domestic coal exporter on Tuesday, when it inked a ten-year, R24-billion deal with BHP Billiton Energy Coal South Africa (Becsa) at a ceremony held at Esselenpark, east of...
PROMISING GROWTH Africa will be a significant contributor to Alstom's revenue
Africa is quickly becoming one of French transport company Alstom Tranport’s key focus areas, with the company registering a 2.2% growth in the Middle East and Africa (MEA) region over the past two years. There has also been an average yearly order value of...
More
 
 
Latest News
Updated 1 minute ago As Reunert finalises its exit from the telecommunications market, the group has moved to limit the impact on the employees of its ill-fated subsidiary Nashua Mobile. The Competition Tribunal this week approved the sale of Nashua’s subscriber base to mobile operators...
Updated 18 minutes ago Cement production at Sephaku Holdings subsidiary Sephaku Cement’s (SepCem’s) Aganang integrated plant, in the North West, was scheduled to start this month, following the successful start of clinker production in August, the company announced on Wednesday. Further,...
September's bestseller, the Polo Vivo, with 4 263 units sold
Updated 41 minutes ago Following a slump in new vehicle sales in recent months, September surprised by delivering an 11.5% increase in sales compared with the same month last year. Data released on Wednesday showed that September new vehicle sales improved to 60 854 units, up from 54 571...
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 road...
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
Updated 5 hours ago The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.
 
 
 
 
 
 
 
 
 
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