Bigger India
India Inc Invests Over $4 Billion in South Africa
It is projected that Indian business footprint in South Africa is likely to grow further, adding the South African business footprint in India is also expanding with the prospect of great returns for the African companies investing in this market.
As many as 140 Indian companies with operations in South Africa have invested more than USD 4 billion and created 18,000 direct jobs, according to a report released today.
The CII-PwC report showcased the contribution of Indian companies beyond foreign direct investment (FDI) in South Africa, including key CSR and skill development initiatives.