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The Dollar Business Bureau Indian companies have generated more than 10,000 jobs in South Africa with a total investment of more than $4 billion since 2003, South Africa’s Trade Minister Rob Davies said on Monday. "A total of 82 Indian projects in South Africa with a total capital expenditure of 62 billion rand ($4.2 billion) between January 2003 and January 2016 were recorded from 60 companies. These investments have created 10,660 jobs," Davis said, ahead of Prime Minister Narendra Modi’s upcoming visit to this African nation later this week. The prime minister is expected to take along a high level business delegation, to participate in two business meetings, including a Business Forum in Pretoria, preceded by a meeting of the South Africa-India CEOs ...

The Dollar Business Bureau India can play a critical role in building an innovation led entrepreneurial culture in Africa and fuel economic growth in the region, African leaders said. “India has great inspiring entrepreneurs like Tatas, Ambanis, and the Adanis. As a result, India is today seen as a top destination for innovation, R&D and technology development,” said Ghana’s Minister of Trade and Industry Ekwow Spio-Garbrah. The minister was addressing the India Africa Business Forum on ‘Empowering Entrepreneurial Ecosystem in Africa by leveraging Indian Innovation, Science and Technology’ in New Delhi on Thursday. The event was held on the sidelines of the four-day India-Africa Forum Summit. Describing India as “a top destination for innovation, R&D and technology development”, leaders at the forum ...