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Indian Premier in SAfrica to boost trade
Published in Saudi Press Agency on 30 - 09 - 2006


Indian Prime Minister Manmohan
Singh arrived in South Africa on Saturday to expand trade links.
Singh, accompanied by an entourage of Indian business
leaders and government officials, began his four-day state visit
in Durban, the hub of South Africa's Indian community and home
to the nation's main port.
Singh will hold talks with South African
officials in a bid to boost investments in a number of key
areas, including telecommunications and textiles.
"I hope we will be able to identify steps to enhance our
current commercial and economic relationship," Singh said in a
statement before leaving for South Africa.
The two sides are also likely to explore opportunities for
civilian nuclear energy cooperation that could help India source
uranium to power its atomic plants while boosting South Africa's
expertise in an area seen as key to its growing economy.
India produces just over 0.5 percent of global uranium
output and is looking to Australia, South Africa and other
nations to help meet its demand for the mineral.
South Africa is estimated by some to hold about 10 percent
of global uranium reserves.
Trade between the two countries reached $4 billion during
2005/06, and they say they want to treble that figure by 2010.
Singh is due to hold talks with South African President
Thabo Mbeki less than three weeks after the two leaders met
along with Brazil's President Luiz Inacio Lula da Silva in
Brasilia as part of a three-nation forum formed to boost
cooperation between developing nations.


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