The Prime Minister Dr. Manmohan Singh will hold discussions with the heads of the states of South Africa and Brazil later in the day. In his meeting with the South African President Jacob Zuma, enhancing bilateral economic ties will be high on the agenda. Bilateral trade has reached 15 billion US Dollars and 96 Indian firms are currently investing in South Africa. Several Indian banks are also moving in, with State Bank of India, ICICI Bank and Bank of Baroda already established. South Africa is making investments in the infrastructure sector in India. Close to 1.3 million Indians are living in South Africa. In his meeting with the Brazilian President Dilma Vana Roussef, energy and economic cooperation with the oil rich country will be at the centre of discussions. This is important in the wake of volatility of prices of crude due to uncertainty in Libya and some North African states. Dr. Singh will be leaving for the second leg of his visit for Astana on Friday to hold bilateral talks Kazakh leaders.
News On AIR | April 14, 2011 11:35 AM
PM hold discussions with heads of states of South Africa, Brazil today