http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.49Change: 0.10
R/$ = 10.49Change: 0.07
Au 1294.90 $/ozChange: -0.67
Pt 1413.00 $/ozChange: -15.50
 
 
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
 
Nelson Mandela 1918 - 2013   Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science & Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office 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
Johannesburg|BEML|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|Kanyana Bhat|Nagendra Kumar|Virendra Gupta|East Africa|Information Technology
johannesburg|beml|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|kanyana-bhat|nagendra-kumar|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
 
 
 
 
 
 
 
 
Other Rail News
MORE IN SA Phase 2 should see local content on the mainline locomotive increase from 65% to 80% by the end of 2014
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
Tanzania, Rwanda and Burundi are looking for an adviser to help them secure financing for a $4.13-billion railway project aimed at boosting cross-border trade in the region. The railway will link Tanzania's port city of Dar es Salaam with the capital cities of...
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 7 hours ago Few would argue with the notion that unemployment, which stands at around 25% on the narrow definition as reported by Statistics South Africa, remains one of the country’s most pressing challenges. Fewer still could contest the view that South Africa’s education...
Renewable-energy projects, such as this Northern Cape solar farm, seen as key to low‐carbon energy supply.
Upfront investment costs will and should remain a critical consideration as South Africa moves to upscale and accelerate its infrastructure programmes. But one of the lead authors of the latest Intergovernmental Panel on Climate Change (IPCC) argues that the...
The barrier to efficient water service delivery in South Africa was not of a technological nature but rather related to legal and Constitutional challenges, Water Research Commission (WRC) CEO Dhesigen Naidoo said on Thursday. Opening a WRC debate under the theme...
More
 
 
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
 
 
 
 
 
This Week's Magazine
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
MORE IN SA Phase 2 should see local content on the mainline locomotive increase from 65% to 80% by the end of 2014
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
South Africa’s sole nuclear power station Koeberg, which is located in the Western Cape, breached a major operations milestone on April 4, which marked the thirtieth anniversary of Unit 1 having been connected to the grid. Eskom, which operates the two-unit plant,...
 
 
 
 
 
 
 
 
 
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