South Africa and India share a rich past and bright future. India has transitioned from being South Africa’s political ally to being a vibrant economic partner. Despite challenges, the opportunity for increasing the value of bilateral trade between the two countries is growing exponentially each year.
South Africa and India have nurtured a bilateral relationship since the 1860s, when the first Indians arrived in South Africa. India was one of the first countries that rallied at the United Nations in support of the anti apartheid movement in South Africa. The strong bond established between the two countries during the struggle for democracy in South Africa became further entrenched in post-apartheid South Africa.
Most global businesses recognise South Africa as the most favourable destination in Africa for making long-term investments. The country offers a stable political and economic environment with established institutions. Policies and procedures are well articulated and consistent, and it offers a free and competitive environment with open-minded consumers. South Africa provides the most stable and technologically viable environment for Indian companies wishing to establish a base from which to expand across the continent. As a gateway to Africa, it is renowned for its infrastructure, skills pool and expertise.
The report was the culmination of exploratory interviews with India's Business Leaders on the new goalposts for Leadership in a rapidly changing world. The study conducted on behalf of International Business Leaders Forum, examined the thought process and ambitions of India's exemplar business leaders and their organisations on sustainability, inclusive business, and social development.
The Media and Entertainment industry has been the powerhouse of creative talent in India for several decades. The Media industry has added over INR 50K crores in output in the last five years and is at INR 130-135K Crores in 2017. Taking into account the indirect and induced benefits to the economy the total industry size is ~INR 450K Crore with a contribution of 2.8% to GDP. The industry also employs, across both formal and informal sectors 1-1.2 million people, contributing significantly to India's job creation.
The small and medium enterprise sector in the country is being irrigated with unique ideas and dauntless effort. "India, standalone, is being seen by global players as a centre for mass action" says Kavi Arora. Read more.
This slide deck was designed to accompany a video webcast that included an interactive discussion by a moderator and three panelists.
Considerations for a US IPO listing
Origination date: 6 March 2014
Thinking about an IPO? On this webcast, hear the C-suite, board members and advisors of recent IPOs discuss how they set the tone from the top to get their companies ready to go public.
What is top of mind at the board level? Learn the questions to ask and best practices in setting an IPO agenda, and gain an understanding of how to manage the risk, while maximizing and sustaining your valuation.
You are welcome to join the on-demand version of this interactive discussion and learn about issues for US IPOs by going to:
http://www.ey.com/GL/en/Issues/webcast_2014-03-06-1600_considerations-for-a-us-ipo-listing
This webcast is part of an ongoing series. Register for any EY webcast and you will be asked if you want to receive invitations to future webcasts.
The report was the culmination of exploratory interviews with India's Business Leaders on the new goalposts for Leadership in a rapidly changing world. The study conducted on behalf of International Business Leaders Forum, examined the thought process and ambitions of India's exemplar business leaders and their organisations on sustainability, inclusive business, and social development.
The Media and Entertainment industry has been the powerhouse of creative talent in India for several decades. The Media industry has added over INR 50K crores in output in the last five years and is at INR 130-135K Crores in 2017. Taking into account the indirect and induced benefits to the economy the total industry size is ~INR 450K Crore with a contribution of 2.8% to GDP. The industry also employs, across both formal and informal sectors 1-1.2 million people, contributing significantly to India's job creation.
The small and medium enterprise sector in the country is being irrigated with unique ideas and dauntless effort. "India, standalone, is being seen by global players as a centre for mass action" says Kavi Arora. Read more.
This slide deck was designed to accompany a video webcast that included an interactive discussion by a moderator and three panelists.
Considerations for a US IPO listing
Origination date: 6 March 2014
Thinking about an IPO? On this webcast, hear the C-suite, board members and advisors of recent IPOs discuss how they set the tone from the top to get their companies ready to go public.
What is top of mind at the board level? Learn the questions to ask and best practices in setting an IPO agenda, and gain an understanding of how to manage the risk, while maximizing and sustaining your valuation.
You are welcome to join the on-demand version of this interactive discussion and learn about issues for US IPOs by going to:
http://www.ey.com/GL/en/Issues/webcast_2014-03-06-1600_considerations-for-a-us-ipo-listing
This webcast is part of an ongoing series. Register for any EY webcast and you will be asked if you want to receive invitations to future webcasts.
The first edition of EY Stock Based Incentive Survey 2014 is a comprehensive survey of 110 senior decision makers from global and Indian companies. The survey results manifest interesting insight into today’s employer mindset. It brings to the fore how companies view stock-based compensation as a tool to retain and attract talent, as well as create wealth for the employees.
For further information, please visit: http://www.ey.com/IN/en/Services/Tax/EY-stock-based-incentive-survey-the-results
The Business Tycoons’ is one of the top business world magazines which comprises of giving sector reviews . Along with this, there are sector blogs to give a brief insight into the various sectors of the business world. It also features inspiring success stories of established Businessmen , as well as young entrepreneurs making huge waves in the business world and women entrepreneurs breaking the glass ceiling with their astounding success. It is the best digital business magazine for advertising new entrepreneurs and their out-of-the-box business ideas. The Business Tycoons also gives valuable information about business opportunities in different countries.
India Inc. endorses Government’s Speed of Decision making and Implementation Agenda. Sumit Mazumder, President, CII, addressed CII's first Press Conference on its National Agenda 2015-16. Since coming to power in May 2014, the new government has adopted several measures to generate positive sentiment about the Indian economy. CII’s theme for the year is to Build India: Invest in Development. This would involve CII’s engagement in four broad areas: promoting growth and competitiveness, developing human capital, promoting infrastructure investments encouraging social development. CII is involved in three national missions – on smart cities, on digital India and on Sanitation in schools. CII is working with central, state and local governments for the successful implementation of these missions.
Social Studies Chapter 5 Why is there Greater Diversity in Singapore NowGoh Bang Rui
Subscribe to my education channel.
bit.ly/gohbangrui
These slides introduce Chapter 5: Why is there Greater Diversity in Singapore Now under Issue 2: Living in a Diverse Society to the Secondary 3 students who are studying Social Studies for the Singapore current syllabus 2016.
These slides are divided into 3 areas.
1. Immigration Policy [Slide 4]
2. Economic Opportunities [Slide 24]
3. Socio-cultural Environment [Slide 47]
Video
Part 1
https://youtu.be/noEFxIBPNrU
Part 2
https://youtu.be/Vp2SSDIdYro
Any feedback is welcome.
As per PTU Syllabus: Entrepreneurship and Micro, Small and Medium Enterprises Small scale industry, product range, capital investment, ownership patterns -Importance and role played by SSI in the development of the Indian economy - Problems faced by SSI’s and the steps taken to solve the problems - Policies governing SSI’s.
Indian startups- How they effect the economyMohit Jaswani
• Wrote a paper upon analysis of Indian economic growth because of startups over the years and its sustainability under the guidance of Dr. Surinder Singh Nehra.
• It also covers overview of Australian Startup Economy and Case Study of two Indian startups i.e. Srjna and Hostelers.
Start a Skill Development Training Centre. Best Education and Training Sector Business Ideas.
India has one in every of the biggest technical work force within the world. However, compared to its population it's not significant and there's a tremendous scope of improvement during this area. In India, the emphasis has been on general education, with vocational education at the receiving end. This has resulted in large number of educated folks remaining unemployed. This phenomenon has currently been recognized by the planners and therefore there's a larger thrust on vocationalization of education. Another shortcoming within the area of technical and education is that until currently, the number of engineers graduating is more than the diploma holders. This is often creating an imbalance, as additional workforces are required at the lower level.
For More Details, Click Here: - https://bit.ly/2WjReB3
Contact us
Niir Project Consultancy Services
An ISO 9001:2015 Company
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886
Mobile: +91-9097075054, 8800733955
Website: www.entrepreneurindia.co , www.niir.org
This edition of the newsletter focuses on the areas under the taskforces formed by the B20 China which are
important to us considering India’s socio-economic development and priorities of the government.
Incentives for doing business in Tamil NaduSAS Partners
#Tamil Nadu has a conducive business ecosystem, good governance and an inclusive economy that makes the state a preferred destination in India for investments. With the new Industrial policy & MSME policy and the key incentives that they offer, the state is poised to become a numero uno state in terms of economical growth and investments in the coming years. The new Policy factors in various inputs received from the investor community and hence is now qualitatively more investor-friendly.
International Marketing/Business Potential
An overview of India as it stands today and a snap shot of the "areas" of business potential that exists. Not here to promote “Brand India”. As a Case Study material - India would be a good example now for global MBA students in International Marketing. Venture Capitalists or the Crowd funding people can use this as initial information on the present day India.
India - continues to shine with largest FDI in the world for 2016paul young cpa, cga
This presentation will discuss the India economy as well as government policies that will support economic growth. India is an emerging market that is expected to grow at a pace of 7.6%+ for the next 10+ years.
With India focussing on nuclear energy to meet the rising demands, it aims to produce 25 per cent of its electricity through nuclear power by 2050. The country has entered into numerous nuclear deals with African countries, owing to their high growth prospects that present significant business opportunities for corporates and investors to contribute towards the development of this continent which has over a billion in population. Transport, including roads and highways, ports and airports and railways, present immense opportunities in the region’s infrastructure space, according to the KPMG-CII background paper titled – ‘India and Africa – collaboration for growth’.
The first edition of EY Stock Based Incentive Survey 2014 is a comprehensive survey of 110 senior decision makers from global and Indian companies. The survey results manifest interesting insight into today’s employer mindset. It brings to the fore how companies view stock-based compensation as a tool to retain and attract talent, as well as create wealth for the employees.
For further information, please visit: http://www.ey.com/IN/en/Services/Tax/EY-stock-based-incentive-survey-the-results
The Business Tycoons’ is one of the top business world magazines which comprises of giving sector reviews . Along with this, there are sector blogs to give a brief insight into the various sectors of the business world. It also features inspiring success stories of established Businessmen , as well as young entrepreneurs making huge waves in the business world and women entrepreneurs breaking the glass ceiling with their astounding success. It is the best digital business magazine for advertising new entrepreneurs and their out-of-the-box business ideas. The Business Tycoons also gives valuable information about business opportunities in different countries.
India Inc. endorses Government’s Speed of Decision making and Implementation Agenda. Sumit Mazumder, President, CII, addressed CII's first Press Conference on its National Agenda 2015-16. Since coming to power in May 2014, the new government has adopted several measures to generate positive sentiment about the Indian economy. CII’s theme for the year is to Build India: Invest in Development. This would involve CII’s engagement in four broad areas: promoting growth and competitiveness, developing human capital, promoting infrastructure investments encouraging social development. CII is involved in three national missions – on smart cities, on digital India and on Sanitation in schools. CII is working with central, state and local governments for the successful implementation of these missions.
Social Studies Chapter 5 Why is there Greater Diversity in Singapore NowGoh Bang Rui
Subscribe to my education channel.
bit.ly/gohbangrui
These slides introduce Chapter 5: Why is there Greater Diversity in Singapore Now under Issue 2: Living in a Diverse Society to the Secondary 3 students who are studying Social Studies for the Singapore current syllabus 2016.
These slides are divided into 3 areas.
1. Immigration Policy [Slide 4]
2. Economic Opportunities [Slide 24]
3. Socio-cultural Environment [Slide 47]
Video
Part 1
https://youtu.be/noEFxIBPNrU
Part 2
https://youtu.be/Vp2SSDIdYro
Any feedback is welcome.
As per PTU Syllabus: Entrepreneurship and Micro, Small and Medium Enterprises Small scale industry, product range, capital investment, ownership patterns -Importance and role played by SSI in the development of the Indian economy - Problems faced by SSI’s and the steps taken to solve the problems - Policies governing SSI’s.
Indian startups- How they effect the economyMohit Jaswani
• Wrote a paper upon analysis of Indian economic growth because of startups over the years and its sustainability under the guidance of Dr. Surinder Singh Nehra.
• It also covers overview of Australian Startup Economy and Case Study of two Indian startups i.e. Srjna and Hostelers.
Start a Skill Development Training Centre. Best Education and Training Sector Business Ideas.
India has one in every of the biggest technical work force within the world. However, compared to its population it's not significant and there's a tremendous scope of improvement during this area. In India, the emphasis has been on general education, with vocational education at the receiving end. This has resulted in large number of educated folks remaining unemployed. This phenomenon has currently been recognized by the planners and therefore there's a larger thrust on vocationalization of education. Another shortcoming within the area of technical and education is that until currently, the number of engineers graduating is more than the diploma holders. This is often creating an imbalance, as additional workforces are required at the lower level.
For More Details, Click Here: - https://bit.ly/2WjReB3
Contact us
Niir Project Consultancy Services
An ISO 9001:2015 Company
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886
Mobile: +91-9097075054, 8800733955
Website: www.entrepreneurindia.co , www.niir.org
This edition of the newsletter focuses on the areas under the taskforces formed by the B20 China which are
important to us considering India’s socio-economic development and priorities of the government.
Incentives for doing business in Tamil NaduSAS Partners
#Tamil Nadu has a conducive business ecosystem, good governance and an inclusive economy that makes the state a preferred destination in India for investments. With the new Industrial policy & MSME policy and the key incentives that they offer, the state is poised to become a numero uno state in terms of economical growth and investments in the coming years. The new Policy factors in various inputs received from the investor community and hence is now qualitatively more investor-friendly.
International Marketing/Business Potential
An overview of India as it stands today and a snap shot of the "areas" of business potential that exists. Not here to promote “Brand India”. As a Case Study material - India would be a good example now for global MBA students in International Marketing. Venture Capitalists or the Crowd funding people can use this as initial information on the present day India.
India - continues to shine with largest FDI in the world for 2016paul young cpa, cga
This presentation will discuss the India economy as well as government policies that will support economic growth. India is an emerging market that is expected to grow at a pace of 7.6%+ for the next 10+ years.
With India focussing on nuclear energy to meet the rising demands, it aims to produce 25 per cent of its electricity through nuclear power by 2050. The country has entered into numerous nuclear deals with African countries, owing to their high growth prospects that present significant business opportunities for corporates and investors to contribute towards the development of this continent which has over a billion in population. Transport, including roads and highways, ports and airports and railways, present immense opportunities in the region’s infrastructure space, according to the KPMG-CII background paper titled – ‘India and Africa – collaboration for growth’.
The OECD is proud to have India as a Key Partner. This brochure provides a glimpse of the scope, depth and detail of our joint work.
Our partnership with India encompasses a wide range of policy areas to advance sustainable development and well-being, including labour market development, gender equality, tax reform, corporate governance and the fight against corruption.
Realignment & Reforms:Increasing The Outreach Of Indian Financial Servicesaditya848
This thought paper has been designed to look at some key challenges faced by the Financial Services industry more closely to assess their potential impact, the plausible constructive steps and policy reforms.
The business tycoons is big shot who own a few large businesses and is active in their founding or organization in some way. To clarify, if you succeed to ownership of some large businesses and involuntarily own them, you would not be a business tycoon. The business tycoons is serving as the best display place for the philosophies from business leaders, all-embracing Reporting of foremost companies and industry insights with unrivaled design and quality contented. Someone who is successful in business and industry and has a lot of money and power high-powered business tycoon.
The focus story in this edition highlights the integrative efforts being taken by Trilateral Cooperation Forum- India, Brazil and South Africa (IBSA) and explores the opportunities for further economic cooperation.
The India, Brazil, South Africa Dialogue Forum (IBSA) connects three nations from three continents of the
developing world - India from Asia, Brazil from South America and South Africa from Africa. The trilateral
developmental initiative jointly formed by the Governments of India, Brazil and South Africa to share growth
and prosperity, promote trade and investment in the regions, and facilitate exchange of information, technology,
resources and outputs.
The topic was delivered by Shri B.S. Mubarak IFS, Director (South) – Ministry of External Affairs, Government of India, Delhi | Former Consul General of India in Saudi Arabia.
IMPACT OF MAKE IN INDIA CAMPAIGN: A GLOBAL PERSPECTIVEQUESTJOURNAL
ABSTRACT: India is one of the world’s fastest growing economies, the tenth largest in the world by nominal GDP and the third largest by purchasing power parity (PPP). India needs to identify the steps being taken to give more financial powers to states, increased investment on infrastructure, emphasis on manufacturing which enables to open the door for investment. This Make in India campaign guides the foreign investors, prompt response, assistance to foreign investors and provide relevant information and proactive approach. This paper covers overview of the Make in India campaign, sectors covered, Initiatives taken by companies, growth cycles, challenges, opportunities and foreign investment in Indian manufacturing. The present study is based on secondary data. The data has been extracted from the various sources like research articles, publications from Ministry of Commerce, Government of India, various bulletins of RBI and authenticated websites. The study found that, Make in India will bring a drastic change in the fields like automobiles, aviation, biotechnology, defense, media, thermal power, oil, gas and manufacturing sectors. Thus, we can conclude that, despite the fact that “Make in India” though came at a right time, its execution remains a big challenge.
In this issue “The 10 Recommended Immigration Consultants to look in 2019”. It will assist consumers to choose their one of the most trusted and recommended immigration consultants in India.
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
Micro, Small and Medium Enterprises (MSMEs) sector is the backbone of the national economic structure and has acted as the bulwark for the Indian economy, providing it resilience to fend off global economic shocks and adversities. The development of the sector is extremely critical to meet the national imperatives of financial inclusion and generation of significant levels of employment across urban, rurban and rural areas and to catalyse socio-economic transformation.
Easy access to credit and finance remains one of the many challenges faced by the sector. Hence, in view of the sector's importance in the overall economic landscape, it is critical the MSME sector develops through the concerted efforts of various stakeholders, including banks and financial institutions, equity funds, industry majors and MNCs, regulators across various ministries at the Center and in the States, and trade associations, together, to create a forward-looking framework and ecosystem. The competitiveness of the MSME sector is critical for sustaining economic growth.
It’s a matter of concern that 600 million people in India face high to extreme water stress in the country. About three-fourths of the households in the country do not have drinking water at their premise. With nearly 70% of water being contaminated, India is placed at 120th amongst 122 countries in the water quality index. It’s a fact that water is a State subject and its optimal utilization and management lies predominantly within the domain of the States. This index is an attempt to budge States and UTs towards
efficient and optimal utilization of water and recycling thereof with a sense of urgency.
GST, the single taxation regime, was implemented a year back and though there were some initial implementation issues, as is the case with any system for the first time, it is safe to say that the GST has been the biggest tax reform of Independent India.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Delhi, the capital of India, has emerged as a major commercial capital and industrial hub of India. It is home to a wide range of industries including textiles, electrical and electronics, IT &ITeS services, hotel and tourism, which have contributed immensely to the economic and industrial growth of the country. Nearly 88% of the SMEs in Delhi revealed that this cluster is as an attractive destination for conducting business. Delhi has become an attractive business and tourist destination. This is driven by its improved infrastructure, good connectivity with other Asian and western regions, ease of access to market and availability of skilled labor among others. Consequently, it has emerged as
one of the most preferred investment and business destinations.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
The March-April edition of the Multilateral Newsletter gives insights on the key happenings at the various multilateral institutions and highlights the key discussions and deliberations at the informal WTO Ministerial Meeting held in New Delhi.
WTO plays a vital role by bringing stability and predictability to the multilateral trading system. It is a collective responsibility of WTO members to address the challenges faced by the system and putting the economies back on steady and meaningful way forward.
Several proposals and initiatives on investment facilitation were tabled at the WTO in the run-up to the 11th Ministerial Conference. The proponents advocated discussions on Investment Facilitation within the WTO framework. However, there was no consensus on initiating negotiations, or even establishing a Work Programme, on Investment Facilitation. A clear need of more work to look at all aspects of a potential multilateral rules on Investment, particularly on its impact on domestic policy space was stated.
In order to deepen the understanding between the member it is important that an open, transparent and inclusive approach of decision making for the various interventions. The informal WTO Ministerial gathering in New Delhi saw convergence of around 53 members representing a broad spectrum of the WTO membership.
CII, as an Industry Institution is cognizant of the need for India to engage constructively in some of the new issues being discussed under the WTO framework.
Businesses are gradually recognizing that ethics means good business. It is believed that well-run and trustworthy
companies are more likely to attract greater investment opportunities, which enables them to innovate and expand, and
generate wealth and jobs. Good corporate governance practices are regarded as providing an 'extra' edge to companies
to enhance their image and stay ahead in an intensely competitive business environment. This would help them imbibe
universally accepted values of ethics and good governance—accountability, transparency, responsibility and
responsiveness to stake holders. Besides, it would also mean looking beyond achieving mere economic sustainability to
include social and environmental sustainability as well. Many corporates are adhering to sustainable business practices
and many more are likely to follow suit in the time to come.
On the domestic front, CII expects economic growth to bounce back to 7.3-7.7 per cent in FY19 from the estimated 6.6
per cent in FY18. The prognosis of improved rural consumption and a recovery in private investment will support
growth, even as the debilitating effects of demonetisation and GSTimplementation will fade away
The Commuique May 2018 edition discusses the cover story
on 'Resolving Insolvency in India'
The Insolvency and Bankruptcy Code (IBC) 2016, is one of
the biggest regulatory reforms corporate India has witnessed
in recent times.
It also features 'UK-India CEO Forum Meeting ', 'CII CEOs Delegation to 11th Commonwealth Business Forum 2018', 'Four Transformations of the Global Energy Market', Economy pieces on 'The Innovation Paradox' & 'Can the Lion Conquer the Forest?' along with a piece on 'India-Africa Economic Partnership'.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The report reflects on the role of broadband connectivity and the multiplier effect it has on the larger ecosystem. India is ripe for a Digital rethink, with both government and industry aligning their efforts toward a broadband powered Digital India. Broadband has the power to enable the gigabit society that is always connected. Broadband connectivity has changed the way people
communicate, socialise, create, sell, shop and work. India’s digital consumption patterns highlights the evolution. On an average Indians spend 200 minutes on mobile every day, with the second highest app downloads globally. Almost 79% of the web traffic in India is on mobile.
To realise the Digital India dream, there is a need to strengthen the broadband backbone, which forms a key pillar of this transformation. This report highlights the need for future ready and robust broadband infrastructure and the requisite efforts for expediting its reach.
Our world is changing at an unprecedented pace, driven by a new digital economy. Companies across sectors are keen to become more efficient, disruptive, and differentiated, by using new technologies and supported by an ecosystem of customers, partners, and technology leaders. New-age technologies such as Artificial Intelligence (AI), Augmented Reality (AR), Blockchain, Machine Learning, 3D printing, and IoT are gaining more and more importance and acceptance.
India has all the ingredients in place to leverage this innovation and technological advantage in the long run, including university graduates, public institutes and corporates. However, India’s gross expenditure on R&D as a proportion of GDP (GERD) is less than 0.7% as of 2014-15 and within this, the share of industry is just 30%. Further, the vast SME sector needs to scale up technology infusion for higher productivity.
This is the fifth edition of the Grant Thornton India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry. The India Tracker identifies the fastest-growing Indian companies in the UK, as well as the top Indian employers. It provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies who are making the biggest impact in the UK.
This year, our research identified approximately 800 Indian companies operating in the UK, with combined revenues of £46.4 billion (£47.5 billion in 2017). Together, they paid £360 million in corporation tax (£275.7 million in 2017) and employed 104,932 people (105,268 in 2017). This shows the continued importance of the contribution that Indian companies make to the UK economy.
The Make in India initiative of the government which lays emphasis on domestic manufacturing, indigenization and import substitution, is expected to pave the way for making the Indian defence sector self-sufficient.Encouragingly, the Indian industry is now actively engagedand is partnering with the government in building a modern and best-in-class defence systems, equipment and components which should strengthen our forces and make the country more self-reliant. The formation of the Society of Indian Defence Manufacturers (SIDM) as an apex body of the Indian defence industry is critical in this regard. SIDM is expected to play a proactive role as an advocate, catalyst and facilitator for building the growth and capability of the defence industry in India. Given the rising importance of buttressing the Make in India programme for expanding the capacity of the Indian defence sector, in this issue of Economy Matters, a few SIDM office bearers and defence experts present their insights into this crucial topic.
As India integrates deeper into the global economy, it is becoming increasingly clear that the country needs to focus both on meeting international competition and its own developmental challenges.
The Government launched several initiatives last year, such as Make in India, Skill India, and Digital India, among others, towards make the vision of integrated inclusive development a reality.
For industry, grappling with the challenges of disruptive technologies, restrictive trade laws, environmental responsibilities and more demanding and discerning customers, the imperative is for sharper focus on producing excellent goods and services, along with building skills, generating jobs, and mainstreaming the marginalized.
Personal and freight mobility are important aspects of economic development and therefore create a significant footprint on the natural environment, especially on the ambient air quality. Vehicular emissions have been identified as one of the sources of air pollutants, specially PM 2.5, as per source apportionment study of IIT-Kanpur commissioned by Government of NCT of Delhi in the year 2015 (Sharma and Dikshit, 2016). Although there are other contributors to air pollution but the vehicular pollution remains a major non-point source. Efforts are needed for reducing the overall impact of the same. Another distinguishing feature of Delhi’s transportation system is the medium and heavy commercial vehicles (MHCVs) which are 2.5% of the total vehicular population but are responsible for over 65% of the total vehicular pollution as well as fuel consumption.
Under CII-NITI Aayog 'Cleaner Air Better Life Initiative', the task force on clean transportation has undertaken a consultative process to identify seven areas of action towards mitigation of air pollution in Delhi and National Capital Region (NCR). To begin with, it proposes mobility reforms to induce a more fundamental change from private vehicle towards sustainable means of transportation such as public and shared transportation. Further, limiting high-mileage polluting vehicles, strengthening Pollution-Under-Control (PUC) regime, allowing retailing of bio-fuels, promoting electric-mobility, decongesting traffic hotspots and retrofitting solutions are recommended by the task force, as elaborated.
Confederation of Indian Industry (CII) takes immense pleasure in presenting the third edition of Annual CSR Tracker 2017. Similar to the last two editions, this is the most comprehensive analysis of CSR disclosures of Bombay Stock Exchange (BSE-listed) companies obligated to practice CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on disclosures of 1,522 companies as compared to 1,270 companies in 2016 and 1,181 in 2015. Disclosures are broken into approximately, 41 indicators spread across six aspects of CSR legislation: governance, policy, financials, spends as per Schedule VII, spend channels, and spend locations. Also included is beneficiary data that companies voluntarily disclose in their annual reports.
At CII Indian Women Network, we are driven by the imperative that Indian women become a core critical mass of the workforce to bring about the transformational change in attitude and behavior. We have also recognized the importance of some amazing women role models who can inspire the future generation into believing that there are no limits to what a woman can achieve. One critical aspect is our own self-belief and innermost conviction that will ultimately help us triumph in our relentless struggle for gender equality. It is a pleasure to share this comprehensive report with you that captures the universe of several variables that will impact our future progress.
To strengthen the major growth drivers and would go a long way towards facilitating the path of a GDP growth rate of more than 8%. Many of the measures announced in this Budget such as market linkages for the rural economy, incentives for new jobs, fixed term employment, enhancing the quality of education, including teachers training, and addressing healthcare access are in line with CII recommendations.
To enable India to leapfrog into the digital age, CII has been advocating on four broad pillars i.e. building robust infrastructure,
reducing cost of inputs, workforce development and promoting innovation and R&D. In this regard, the Budget’s proposal for
encouraging high-end technologies is a forward-looking initiative. The Government's move to double the allocation on the Digital India programme will help research and skilling in Robotics, Artificial Intelligence (AI) and Internet of Things (IoT), among others.
The initiatives on National Programme on Artificial Intelligence to be set up by NITI Aayog, the 5G test-bed in IIT, Madras and the mission to encourage Big Data, Cybersecurity and Robotics announced in the Budget will help promote Industry 4.0. All these would lay the foundation for the proliferation of advanced manufacturing in India while creating new skills and jobs in the country.
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
2. PwC India Desk
India has a diverse and rapidly
expanding economic relationship
with South Africa, and as India
has progressed from a developing
nation to an economic powerhouse,
the market provides abundant and
unexplored opportunities for business.
But divergent cultures and business
landscapes combined with unique
legal and political environments can
make these ventures particularly
challenging. Indian companies that
seek to enhance their presence in
South Africa and the rest of Africa
require a comprehensive suite
of services, as do South African
companies evaluating opportunities in
India.
PwC’s India Desk provides a
comprehensive range of tax, advisory
and assurance solutions. Our team of
trusted business advisors works closely
and seamlessly with colleagues in
India to help clients address important
issues facing their businesses.
Cross-border solutions for
South African and Indian
businesses
Our team provides assistance with
meeting clients’ unique needs,
including those with respect to:
• Doing business in South Africa/
India, including strategic options
and market entry analysis;
• M&A deal and corporate finance
services, including due diligence,
valuation, tax structuring and post-
deal integration;
• Tax compliance and optimization;
• Transfer pricing;
• Financial reporting and compliance
services, including audit and
assurance;
• Risk and regulatory matters; and
• Business reviews and performance
improvement.
Indian industry’s inclusive footprint in South Africa – doing business, doing good
3. Indian industry’s inclusive footprint in South Africa – Doing business while doing good
Contents
Foreword 1
About the CII 3
Historical ties 4
Trade between South Africa and India 5
Sectoral snapshots 8
Job creation 11
Skills development 12
CSR activities of Indian companies
in South Africa. 14
Challenges faced by Indian companies
in South Africa 18
Future growth areas 19
Moving forward 20
Conclusion 21
Contacts 23
Indian industry’s inclusive footprint in South Africa – doing business, doing good
4. 1 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Foreword
Today, treatment costs less than
US$1/day and the National Health
Department’s Aids treatment
programme reaches almost four
million South Africans, the largest
programme of its kind in the world.
As a result of the programme, Aids-
related deaths have decreased by
almost a third since 2010.
But the good news doesn’t end
there. The entry of these and other
companies’ into the South African
market has also created jobs and led
to new investment worth billions
of rand. Cipla alone has invested
almost R500 million in one local ARV
manufacturing plant.
‘Doing business while doing good’ is a
mantra that naturally extends beyond
day-to-day business to companies’
corporate social responsibility
activities. As this report outlines,
Indian companies are distinguishing
themselves in this area too and
demonstrating their commitment to
sustainable development in South
Africa in a number of areas. These
range from education and healthcare
schemes to job creation, agricultural
projects and empowering women
in initiatives taking place across the
country.
Recognising the immense
opportunities that exist both in South
Africa and in India, and the in-depth
local knowledge that is needed to
succeed in their unique markets, we
find ourselves working more and more
closely with our colleagues at PwC
India to deliver the services our clients
need seamlessly on both sides of the
Indian Ocean. This has led to the
establishment of our PwC India Desk
in Johannesburg to provide a full-
service offering through a single point
of contact, to facilitate inward and
outward investment and operational
support.
These are indeed exciting times and
I would like to thank the Consul
General of India for inviting PwC
South Africa to be its knowledge
partner in producing this report and
participating in the India-South Africa
Business Summit 2018.
Dion Shango
Regional Senior Partner & CEO
PwC Southern Africa
South Africa’s association with India
has evolved over centuries, through
challenging periods of empire and
apartheid, with the two countries
emerging in the 21st Century as
vibrant democracies pursuing
ambitious growth and development
agendas. Their membership of the
BRICS group of major emerging
economies(together with Brazil, Russia
and China) underscores not only the
two nation’s parallel history, but more
importantly, the vast potential these
two regional powerhouses share.
Beginning in the 1990s, the economic
relationship between India and South
Africa has developed beyond a short-
term view of trade and investment
and has increasingly expanded to
include the transfer of technology,
skills and knowledge. Such transfers
are a growing trend and demonstrate
foresight and commitment to working
together in the long term for mutual
benefit.
The role of Indian pharmaceutical
companies in South Africa’s fight
against HIV is a good example of this
kind of commitment and demonstrates
how doing business can benefit people
on all sides.
Before the introduction of affordable
generic treatments by companies such
as Cipla and Ranbaxy, antiretrovirals
were out of reach for almost everyone
in the developing world.
5. 2Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Foreword
It is with great pleasure that the
Confederation of Indian Industry (CII)
presents “Indian industry's inclusive
footprint in South Africa” to showcase
the depth, importance and impact that
Indian companies have had in South
Africa.
There has never been a more
important and opportune time
to highlight the strong economic
relationship between India and South
Africa, as well as to spotlight the
quiet diligence, support, drive, hard
work, innovation and creativity of the
majority of the Indian companies in
the country.
The relationship between South Africa
and India – which spans nearly two
centuries – is largely one that speaks
of integrity, enthusiasm, development
and promise.
Evolving over the years from a strong
political ally into a vibrant economic
partner, the first point of reference
to this relationship is always to
mark Mahatma Gandhi’s arrival in
South Africa. The significance and
importance of this cannot be more
pertinent in the context of the India-
South Africa relationship today.
With well over 150 Indian companies
in South Africa having had an
immeasurable positive impact on the
country, this report aims to provide
an overview of Indo-South African
business relations, a snapshot of
some of the key sectors reflecting
India’s economic presence in South
Africa, and a strong focus on the
CSR activities, as well as job creation
and skills development initiatives
being undertaken by Indian industry
in South Africa – all of which are
significant.
Some of the companies that have
invested in South Africa and are
conducting large-scale operations
in country, are among the largest
conglomerates, not only in India
but globally, and employ over half a
million people across the world.
This paper also addresses some of
the key challenges being faced by
Indian industry in South Africa. It
highlights future growth areas along
with recommendations, which will
hopefully encourage potential Indian
investors to further enhance economic
activity.
On behalf of the CII, I wish to thank
our knowledge partner, PwC South
Africa, and also extend my sincere
thanks to all the Indian companies,
government bodies, and academic and
financial institutions for their inputs
that are reflected in this report.
I believe that we will keep up the
momentum going forward, focusing
on growth, and that our collective
efforts will enhance India’s economic
and CSR footprint in South Africa, as
well as the rest of Africa.
Chandrajit Banerjee
Director General
Confederation of Indian Industry
6. 3 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
About the CII
The Confederation of Indian Industry (CII) works to
create and sustain an environment conducive to the
development of India, partnering industry, Government,
and civil society, through advisory and consultative
processes.
CII is a non-government, not-for-profit, industry-led and
industry-managed organization, playing a proactive role
in India's development process. Founded in 1895, India's
premier business association has around 9000 members,
from the private as well as public sectors, including SMEs
and MNCs, and an indirect membership of over 300,000
enterprises from around 265 national and regional
sectoral industry bodies.
CII charts change by working closely with Government
on policy issues, interfacing with thought leaders, and
enhancing efficiency, competitiveness and business
opportunities for industry through a range of specialized
services and strategic global linkages. It also provides a
platform for consensus-building and networking on key
issues.
Extending its agenda beyond business, CII assists
industry to identify and execute corporate citizenship
programmes. Partnerships with civil society organizations
carry forward corporate initiatives for integrated and
inclusive development across diverse domains including
affirmative action, healthcare, education, livelihood,
diversity management, skill development, empowerment
of women, and water, to name a few.
As a developmental institution working towards India's
overall growth with a special focus on India@75 in 2022,
the CII theme for 2018-19, India RISE : Responsible.
Inclusive. Sustainable. Entrepreneurial emphasizes
Industry's role in partnering Government to accelerate
India's growth and development. The focus will be on
key enablers such as job creation; skill development;
financing growth; promoting next gen manufacturing;
sustainability; corporate social responsibility and
governance and transparency.
With 65 offices, including 9 Centres of Excellence, in
India, and 11 overseas offices in Australia, Bahrain,
China, Egypt, France, Germany, Iran, Singapore, South
Africa, UK, and USA, as well as institutional partnerships
with 355 counterpart organizations in 126 countries, CII
serves as a reference point for Indian industry and the
international business community.
CII code of conduct
Ethical business practices
Ethical business practices are a journey. All member
companies should adopt policies and procedures intended
to achieve the following in their business practices:
Accurate books and records
The company will maintain accurate accounts and records
which reflect the true and fair picture of the company's
affairs in compliance with accepted accounting principles
and standards for financial reporting.
Bribery and corruption
The company will prohibit bribery in any form in all its
business dealings and will maintain strong controls to
prevent and detect improper payments.
The company shall comply with anti-money laundering and
terrorist financing laws and report unaccounted-for cash or
suspicious transactions.
Fair and equitable treatment
The company shall not unfairly discriminate on the basis
of race, caste, religion, colour, ancestry, marital status,
gender, sexual orientation, age, nationality, ethnic origin or
disability.
The company shall not tolerate harassment, whether sexual,
verbal, physical or psychological, against any employee.
Health and safety
The company shall provide a safe, clean and healthy work
environment.
Quality of goods and services
The company shall strive to ensure that its products and
services meet the legally required safety and quality
standards.
Environment and society
The company shall strive to be a good corporate citizen by
promoting social welfare activities, sustainability and by
minimising the adverse impact of company operations on
the environment.
7. 4Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Historical ties
South Africa and India share a rich past and bright future. India has transitioned
from being South Africa’s political ally to being a vibrant economic partner.
Despite challenges, the opportunity for increasing the value of bilateral trade
between the two countries is growing exponentially each year.
South Africa and India have nurtured a bilateral relationship since the 1860s,
when the first Indians arrived in South Africa. India was one of the first
countries that rallied at the United Nations in support of the anti-apartheid
movement in South Africa. The strong bond established between the two
countries during the struggle for democracy in South Africa became further
entrenched in post-apartheid South Africa.1
1990 2000 2010
1995 2005 2015
1993
1994
1996
2003 2013
2011 2016
Resumption of India-SA
diplomatic relations
Indian High Commission
established in SA
Consulate established
in Cape Town
IBSA Dialogue Forum
established
SA admitted as a
member of BRICS
Presidential visit by
Jacob Zuma to India
5th BRICS Summit
hosted in Durban
SA ministerial visit
to India
Prime Minister
Narendra Modi
visit to SA
1 Verachia, Abdullah. “Unpacking the India-South Africa Dynamic.” In India and South Africa: Trade and
Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog Publishers, 2016.
“India came to our aid when
the rest of the world stood
by or gave succour to our
oppressors. When the doors
of international councils
were closed to us, India
opened the way. You [India]
took up our battles, as if they
were your own. Now that
we have been victorious, it
cannot be said too often that
our victory is also India’s.
– Nelson Mandela
Source: Abacus Advisory. 2017 “India's Inclusive and Responsible Investment.”
8. 5 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Trade between South Africa and
India
Most global businesses recognise
South Africa as the most favourable
destination in Africa for making
long-term investments. The country
offers a stable political and economic
environment with established
institutions. Policies and procedures
are well articulated and consistent,
and it offers a free and competitive
environment with open-minded
consumers. South Africa provides the
most stable and technologically viable
environment for Indian companies
wishing to establish a base from which
to expand across the continent. As
a gateway to Africa, it is renowned
for its infrastructure, skills pool and
expertise.
International businesses, including
Indian companies, appreciate that the
South African Government is open
to foreign investments as a means of
driving economic growth, improving
international competitiveness and
accessing foreign markets. Commercial
relations between South Africa
and India have flourished since the
establishment of diplomatic relations
in 1993. The value of bilateral trade
has increased from US$2.5 billion
in 2003-2004 to US$11.79 billion
in 2014-2015 – growth of more
than 400% in ten years. Despite
exponential growth up to 2015, trade
between the two countries declined
slightly to US$9.5 billion in 2015-
2016.2
A number of factors explain this
decline, including South Africa’s credit
rating downgrade, policy uncertainty,
political and economic uncertainty as
well as exchange rate fluctuations.
There is substantial potential for
trade growth between the two
countries. Exports from India to
South Africa include vehicle parts,
transport equipment, drugs and
pharmaceuticals, engineering goods,
footwear, chemicals, textiles and rice.
Exports from South Africa to India include gold, steam coal, copper ores and
concentrates, phosphoric acid, manganese ore, aluminium ingots and other
minerals.
India is currently South Africa’s fourth-largest import partner and seventh-
largest export partner. A number of bilateral agreements have been concluded
between the two countries since the assumption of diplomatic relations in
1993. These are in areas ranging from economic and commercial cooperation to
defence, culture, health, human settlements, public administration, science and
technology, and education.
South Africa’s trade with India, 1991-2016 (R billions)
0
10
20
30
40
50
60
ExportsImports Trade balance
-30
-20
-10
20162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994199319921991
Source: FNB, Cathkin Consulting, SARS
2 Report of the India SA Forum, 8 July 2016.
India is South Africa’s
fourth-largest import
partner and seventh- largest
export partner.
9. 6Indian industry’s inclusive footprint in South Africa – Doing business, doing good
South Africa’s top 20 trading partners (& BRICS), 2016
Imports Exports
# Country R (billions) Share of
world
(%)
CAGR
2006-2016
# Country R (billions) Share of
world (%)
CAGR
2006-2016
1 China 199 18 16 1 China 100.1 9 22
2 Germany 129.7 12 8 2 Germany 90.8 7 12
3 USA 72.9 7 8 3 USA 78.6 7 7
4 India 45.6 4 15 4 Botswana 54.6 5 -
5 Saudi Arabia 41.7 4 5 5 Namibia 51.9 5 -
6 Japan 37.5 3 2 6 Japan 49.3 5 2
7 France 33.1 3 3 7 India 47.7 4 25
8 UK 31.8 3 3 8 UK 45.8 4 4
9 Thailand 31.8 3 15 9 Belgium 32.9 3 13
10 Nigeria 30.4 3 13 10 Mozambique 31.8 3 18
11 Italy 27.1 2 7 11 Netherlands 28 3 5
12 Brazil 20.6 2 8 12 Zambia 27.8 3 14
13 Spain 19.5 2 11 13 Zimbabwe 27.3 3 15
14 Netherlands 19 2 10 14 Hong Kong 25.6 2 26
15 Angola 18.7 2 22 15 South Korea 19.4 2 11
16 Vietnam 17.5 2 39 16 UAE 18.6 2 17
17 UAE 15.5 1 15 17 Swaziland 17 2 -
18 Swaziland 15.4 1 - 18 Lesotho 16.8 2 -
19 South Korea 14.8 1 2 19 Italy 16.6 2 6
20 Belgium 12.2 1 8 20 Spain 12.6 1 2
48 Russia 3.8 0 7 36 Brazil 5.5 1 7
43 Russia 4.1 0 20
World Total 1099.2 100 9 World Total 1080.6 100 11
Source: FNB, Cathkin Consulting, SARS
Table above shows South Africa’s international trade statistics, in which India features as an important partner for both
imports and exports. In terms of exports, India is South Africa’s fourth trade partner and in terms of exports, India is in the
seventh position. Among the BRICS partnership, only China enjoys greater import and export volumes with South Africa
than India.
10. 7 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Recent investments by Indian companies in South Africa
Investing company No. of
projects
Total capex (R’
millions)
Total jobs
created
Cennergi 2 9107.0 138
Wipro 2 167.6 125
Zomato.com 2 151.9 76
Aegis Limited 1 132.3 500
Capillary Technologies 1 76.0 9
Celkon Mobile 1 34 10
CIMGlobal 1 89.1 15
Cipla 1 1 164.2 180
Cipla Medpro 1 134.9 41
Coal India Limited (CIL) 1 290.7 54
Cyberoam Technologies 1 76.9 9
HCL Technologies 1 127 151
ICICI Bank 1 144.1 21
Jindal Africa 1 654.8 21
Jindal Steel & Power 1 402.1 163
JSW Energy 1 7 307.6 116
Khopoli Investments 1 2 036.4 22
Mahindra & Mahindra (M&M) 1 132.3 38
Mahindra & Mahindra South
Africa
1 133.6 39
Mira Inform 1 89.1 15
RateGain 1 76.0 9
Shrenuj 1 213.5 243
Square Yards Consulting 1 470.1 20
Tata Motors South Africa 1 1 523.1 844
Vikram Solar 1 38 11
Vizury Interactive 1 76 9
Vserv.mobi (Vserv) 1 76.9 9
VVF 1 213.5 243
Total 31 25 136.6 3073
Source: Financial Times, fDi Intelligence
Multilateral platforms such as BRICS and IBSA (India, Brazil, South Africa) will
ensure India and South Africa’s continued connections.
The main objectives of BRICS are to foster cooperation between member nations
for development, provide financial assistance and support various projects.
The agenda is mainly driven through annual summits and industry-based
cooperation agreements.
11. 8Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Sectoral snapshots
Large Indian companies have
established a presence in various
sectors of the South African economy.
They are focused not only on making
profits, but also on providing solutions
to some of the country’s most pressing
challenges. This section highlights the
impact that Indian industry is making
in the pharmaceuticals, automotive,
financial services, information
technology, mining and green
economy sectors.
Pharmaceuticals
India’s pharmaceutical industry has
established a strong local presence
in South Africa and secured a large
share of the market in its areas
of specialisation. The entrance of
Ranbaxy and Cipla saw a drastic
reduction in the cost of anti-retroviral
drugs (ARVs), saving thousands of
lives.
More than seven million South
Africans are infected with HIV. They
account for 19% of the global number
of people living with the disease, 15%
of new infections and 11% of Aids-
related deaths.3
In 2001, when ARV medication was
unaffordable to most people, Cipla
pushed ARV medication down to an
affordable $1 per day. Cipla was also
the first company to make the world’s
first three-in-one combination of
ARV treatment.4
Indian companies
have been critical in bringing down
the cost of treatment and enabling
the government’s ARV therapy
programme, which now provides ARVs
to more than 3.8 million people.5
Indian companies have also
successfully introduced other new
drugs into South Africa. In 2012,
Ranbaxy introduced a new anti-
malarial drug, Synriam. It is claimed
to have a 95% cure rate for malaria.
Cipla’s new proposed drug to combat
malaria has also been approved by the
World Health Organisation.6
Dr Reddy’s Laboratories is another
Indian company active in the
pharmaceutical sector. It entered
the South African market in 2007
in partnership with a local South
African laboratory. In 2010, the
company became a 100% wholly-
owned subsidiary of Dr Reddy’s
Laboratories. It now ranks among the
top ten suppliers of generic medicines
in South Africa. They also export to
other African countries. The company
has about 100 employees in South
Africa and has sales teams in all major
centres.
Other companies active in this sector
are The Himalaya Drug company, Sun
Pharma, Hetero Drugs, Pharma-Q,
FDC SA and Zydus Healthcare SA.
Automotive
There are a number of established
Indian brands such as Mahindra
& Mahindra, Tata Motors, KLT
Automotive, Motherson Sumi Systems
and Ashok Leyland, that are active
in the Automotive sector in South
Africa. Driving this investment is
the fact that manufacturers with
production plants in South Africa
enjoy incentives associated with the
Automotive Product and Development
Programme, which aims to stimulate
local production, exports and domestic
consumption.
Tata, one of India’s largest enterprises,
has been in Africa since the 1970s.
Tata Automobile Corporation SA
(TACSA), a subsidiary of Tata Africa
Holdings, markets and distributes the
entire range of commercial vehicles
manufactured by Tata Motors through
a national dealership network. The
company has a plant in Pretoria
which employs 59 people to assemble
commercial vehicles. Passenger cars
and light commercial vehicles are
imported as fully built units from
India.
3 http://www.unaids.org/en/regionscountries/countries/southafrica
4 https://www.cipla.co.za/news/how-cipla-made-arvs-affordable/
5 Republic of South Africa, Department of Health, Annual Report 2016/17. 2017 http://www.health.gov.za/index.php/2014-03-17-09-09-38/2014-03-17-09-24-3
6 Indian Company Take firm grip in Africa.” African business. http://africanbusinessmagazine.com/uncategorised/indian-company-take-firm-grip-in-africa/ (accessed
Apr. 3, 2018).
The entrance of Ranbaxy
and Cipla saw the drastic
reduction in the cost of
anti-retroviral drugs (ARVs)
in South Africa, saving
thousands of lives.
Tata Automobile
Corporation SA’s plant in
Pretoria employs 59 people
to assemble commercial
vehicles.
12. 9 Doing business while doing good – India’s inclusive footprint in South Africa
Financial services
Indian companies feature prominently
in the financial services arena. Large
Indian Banks such as State Bank of
India, Exim Bank and ICICI have
established operations in South Africa
to support the commercial flows
from Indian companies operating in
South Africa and the South African
companies operating in India.
The Bank of India has not restricted its
services to Indian corporates only and
has been successful in attracting South
African-based customers to the bank.
It finances both Indian and South
African companies, providing business
loans, mortgage loans, working capital
finance and housing project finance.
Another giant in the banking sector,
Canara Bank, has invested in a number
of majority-black-owned businesses as
part of its empowerment objectives.
One of its most notable investments is
a large-scale solar power project in the
Northern Cape.
Although Canara Bank’s initial
motivation in establishing itself in
South Africa may have been to serve
the large Indian diaspora and persons
of Indian origin and to help facilitate
Indian businesses in South Africa,
the commitment they have shown to
South African society in just two years
has made them a far-sighted partner
rather than a mere foreign company
trading within these borders.
Exim Bank is another major player
in the banking sector that has
made an impact in South Africa.
The bank has a number of product
offerings, including lines of credit,
buyer’s credit under national export
insurance account, project finance and
overseas investment finance. Thanks
to these financing programmes,
Indian companies have been able to
implement various projects, including
infrastructure development, not only
in South Africa but in many other
parts of Africa too.10
Canara Bank has invested in
a number of majority black-
owned businesses as part of
its empowerment objectives.
The bank continues to explore other
mutually beneficial development
opportunities and is lending its wealth
of expertise in facilitating the growth
of Indian businesses keen to make a
positive impact in Africa.
ICICI Bank, the first Indian private-
sector bank to open a branch in Africa,
has vast experience in the import-
export business, which places it at the
forefront of trade and trade finance
between Africa and India.
The State Bank of India is primarily
focused on corporate customers
and growth through syndicated and
bilateral loans to Indian companies
that have established or are planning
to establish a presence in South Africa
or other African countries.11
The bank has extended its client base
to include all South Africans and
is expanding into Africa. The State
Bank India contributes directly and
indirectly to creating job opportunities
in the country. The bank facilitates
the generation of employment
opportunities in South Africa by
granting loans and providing financial
services to a large number of corporate
customers and by employing South
Africans.
Information technology
Many of India’s leading IT companies
have their African headquarters in
South Africa. Companies such as
HCL Technologies, Nihilent, Wipro
Technologies South Africa, Zensar
Technologies, Infosys and Millennium
Technologies have become sizeable
businesses that are actively engaged
in the South African market. The bulk
of their work in South Africa is geared
towards serving medium and large-
scale corporates, the government and
parastatals.
HCL Technologies is playing a key
role in the drive for ecosystem-
based innovations in South Africa
and provides services across the
telecoms, financial services, retail,
manufacturing and healthcare sectors.
7 Bratt, Michael. “Tata Motors: Indian Automotive Excellence.” In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog
Publishers, 2016.
8 Davey, Derek. “Mahindra: On the Rise.” In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog Publishers, 2016.
9 Davey, D. 2016. Mahindra: On the Rise.” African business. 2012. Indian Company Take firm grip in Africa. In Reddy, G. (ed) 2016. India and South Africa: Trade and
Investment Partners. Wag the Dog Publishers.
10 Jordaan, Lucinda. “Exim Bank: Promoting African Development.” In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the
Dog Publishers, 2016.
11 Jordaan, Lucinda. “State Bank of India South Africa: Offspring of a Banking Giant.” In India and South Africa: Trade and Investment Partners, edited by Govin
Reddy, 10-22. Wag the Dog Publishers, 2016.
South Africa is among the focus
markets for Tata Motors and the
company has long-term plans
with strong commitments to the
manufacturing facility in Pretoria
and market expansion through its
dealership network.7
The company plans to introduce new
products every year to strengthen its
portfolio and offer comprehensive
mobility solutions to the South
African market.
Like Tata, Mahindra is another Indian
automobile giant that offers well
priced vehicles to the South African
market. Mahindra South Africa has
56 dealers across all nine provinces.
This is supported by a 5000m2
parts
warehouse, with 13 000 part lines.8
Mahindra is poised for growth in the
South African market with not only
its range of automobiles, but also new
products such as tractors, backhoe
loaders, trucks, buses and agricultural
equipment – some of which have
already been launched in other
African countries.9
HCL was engaged by
Standard Bank, one of
South Africa’s largest
financial services groups, to
provide SAP core banking
transformation, go-to-
market and SAP CRM.
13. 10Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Wipro is also making waves in
the IT sector in South Africa. The
Bengaluru-based company is a leading
information technology, consulting
and business process services provider.
Wipro places a strong emphasis on
localisation. In South Africa, it has
almost 800 employees, almost half of
whom are local hires. In South Africa,
it has a presence in HR, finance,
facilities and talent acquisition. The
company has a level 3 B-BBEE rating.14
Zensar Technologies is leading
innovation in the IT sector in South
Africa. The company has succeeded
by creating value and helping local
enterprises to become successful –
including helping some to expand
beyond South Africa’s borders.
Mining industry
Indian companies have invested
billions of dollars in South Africa’s
mining sector over recent years.
Vedanta, for example, has pumped
nearly US$1 billion into a zinc project
in the Northern Cape.15
Jindal Africa is pursuing coal mining
and iron ore projects in South Africa.
It employs more than 500 people at its
Kiepersol Colliery in Mpumalanga.
Action Group, a diversified mining
group from India, has invested
substantially in the sector and
currently operates a silica mine and
a wollastonite mine in a joint venture
in INSA Coal Holdings. Other Indian
mining companies operating in South
Africa include A & B Global, Action
Group, Auk-Marine and Mining, Atha
Africa Ventures and Osho SA Coal
Mining. Mining operations cannot
operate in isolation and invariably
require additional infrastructure
investments, such as housing, schools,
roads and rail connections, thereby
facilitating direct and indirect job
creation and creating other economic
benefits.
Vedanta is India’s leading diversified
natural resources company, with
a comprehensive presence across
the value chain from exploration to
extraction and processing. Vedanta
resources, operating under its
subsidiary in South Africa, Black
Mountain Mining, comprises the
Deeps and Swartberg mines and
the Gamsberg project located in the
Northern Cape. Vedanta invested
US$400 in the Gamsberg Zinc Project:
One of the world’s largest undeveloped
zinc sulphide deposits.16
Green economy
Extrupet, an Indian company, set up
operations in South Africa to recycle
PET (polyethylene terephthalate)
bottles recovered from landfill
sites. Within a year, the company
had established a recycling plant
utilising world-class PET recycling
technology. Extrupet is now the
largest and most advanced recycler
of PET bottles in Africa and a leading
producer of repacked polymers.
Extrupet’s commitment to quality and
sustainability is reflected in the fact
that its South African plant is the first
(B2B) recycling plant in the world
to be certified by the British Retail
Consortium (BRC). This accreditation
guarantees the highest standards
of quality, safety and operational
excellence.
Extrupet recycles more than 3.5
million bottles per day and has created
almost 20 000 income opportunities
in the waste collection business.
Working with Coca-Cola South
Africa, the company has made school
desks out of the recycled waste and
donated them to needy children and
impoverished schools. Extrupet is
also collaborating with Woolworths
to manufacture shopping bags made
from recycled plastic in a project that
also creates employment and upskills
disadvantaged women.
12 Kun, Bette. “HCL Technologies: Servicing South Africa’s Top Companies.” In India and South Africa:
Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog Publishers, 2016.
13 Jordaan, Lucinda. “Nihilent. A Creative Consultancy Company” In India and South Africa: Trade and
Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog Publishers, 2016.
14 Davey, Derek. “Wipro. An Award Winning Global IT Player.” In India and South Africa: Trade and
Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog Publishers, 2016.
15 “Vedanta to Hunt for oil in South Africa’s West Coast.” Business Day. https://www.businesslive.co.za/bd/
companies/mining/2018-02-06-vedanta-to-hunt-for-oil-off-south-africas-west-coast/ (accessed Mar. 26,
2018)
16 Bratt, Michael. 2016. Vedanta Resources: Marrying Mining and Sustainable Development. In Reddy, G.
(ed) 2016. India and South Africa: Trade and Investment Partners. Wag the Dog Publishers.
HCL centres in South Africa are
Level 3 B-BBEE-accredited and
ISO 9001:2008-certified. HCL
Technologies employs more than 350
staff and several hundred contractors,
the majority of whom are based
on-site within the customers’ IT
departments.12
Another Indian giant with South
African roots is Nihilent. This company
is the first South African-owned
company with headquarters in India.
It is a creative consulting organisation
that introduces change through IT,
people and process interventions.
Nihilent is focused on all-round
organisational transformation and
has established successful business
relationships with leading companies
worldwide.13
Extrupet has created almost
20 000 income opportunities
in the waste collection
business.
Nihilent champions local job
creation by harnessing and
promoting local talent.
14. 11 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
The Economic Times of 5 July 2016, reported that Indian companies in South
Africa had created more than 10 000 jobs in South Africa with an investment of
more than US$4 billion dollars since 2003.17
In 2017, the Confederation of Indian Industry (SA) in collaboration with the
Consul General of India in Johannesburg carried out a survey among 140 of the
known Indian companies on their membership lists and databases for South
Africa.18
The purpose of the survey was to measure the footprint of Indian industry in
South Africa. Information was gathered on some key points that included total
investment in South Africa, number of people employed, number of local South
Africans employed, as well as their training and skills development programmes
and corporate social investment activities.
The survey revealed that a total of R33 billion had been invested by 45% of the
companies reached out to, with 11 000 people being employed in total, 70% of
whom are South African nationals.
If we extrapolate these figures we conservatively estimate that the investment of
Indian industry in South Africa sits at over R50 billion, and that Indian industry
employs more than 18 000 South Africans.
The number of jobs created by Indian companies that have invested in South
Africa is significant. These numbers demonstrate the value of the India-South
Africa relationship, which has resulted in a massive creation of jobs, thereby
contributing towards solving one of South Africa’s toughest problems, namely
unemployment.
Job creation
17 “India Created 10 000 jobs in South Africa: Minister.” The Economic Times. https://economictimes.
indiatimes.com/jobs/india-created-over-10000-jobs-in-south-africa-minister/articleshow/53048440.cms
(accessed Mar. 30, 2007).
18 There are many Indian companies doing business in South Africa who do not engage with the Consul
General of India or the CII South Africa. Thus the figure of 140 is not a true reflection of the full extent of
Indian industry in South Africa.
We recognise the thousands
of jobs that have been
created and the skills and
knowledge transfer by the
Indian private sector and
the enormous impact that it
had and continues to have
on addressing our socio-
economic challenges.
– Maite Nkoana-Mashabane
Former minister of international
relations and cooperation,
South Africa
A conservative estimate
suggest that investment by
Indian industry in South
Africa exceeds
R50 billion
and provides employment
for more than
18 000
South Africans.
HCL Technologies employs
more than 350 staff and
several hundred contractors
in South Africa.
15. 12Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Skills development
Indian companies are aware of the
skills gap in South Africa and are
taking steps to transfer skills to South
Africans, particularly in the IT sector.
To be sustainable, Indian companies
operating in South Africa realise the
necessity of equipping South Africans
with the skills necessary to deliver
locally, instead of employing a large
expatriate population from India.
An example of how Indian companies
are equipping South Africans with
skills is the KhulaSangam Programme.
An initiative of the FirstRand
Foundation, the programme aims to
address the critical skills shortage
that exists in South Africa by bridging
the gap between tertiary education
and employability. The programme
takes unemployed IT graduates from
South Africa to India on a six-month
internship programme, exposing
them to Indian business, community
development and society. Participants
in the programme benefit in a variety
of ways, and upon returning to South
Africa are more employable thanks to
their international work experience.19
Tata Automobile Corporation has
established an academy to provide
comprehensive training to employees
of its nationwide service network
in South Africa. By providing
information, developing skills and
nurturing positive attitudes, the
training ensures that newly attained
knowledge and skills are transferred
to the workplace. The training centre
received a certificate of accreditation
from SETA (the manufacturing,
engineering and related services
Sector Education and Training
Authority) and was approved as a
level 8 B-BBEE contributor, a major
milestone in the company’s South
African operations.20
TCS has sponsored 52 students who
were sent to India to study IT. Of
these, 37 have been absorbed by Tata
Consultancy Services and seven are
still training in India.
Nihilent Technologies has trained
2 800 students and 700 unemployed
youth through Change the World,
an IT centre set up in the Eastern
Cape in 2011. Nihilent also offers ten
technology internships each year, with
67 interns having been trained to date.
CRI Pumps opened the Technology,
Training and Development Centre in
Midrand to train and develop South
Africans from various backgrounds
on new technology. The facility will
be used to develop engineering skills
among school leavers.
Zensar Technologies is collaborating
with MICT SETA (the Media,
Information and Communication
Technologies Sector Education and
Training Authority) to enhance local
skills and create employment. Since
2009 Zensar has offered more than
400 internships to South Africans.
The company’s graduate training
programme recruits, trains and
employs young people with less than
one year’s ICT industry experience.
Trainees undergo an extensive
12-month internship that includes
foundation, intermediate and expert
levels covering IT service delivery
and various software development
methodologies. The top-performing
interns are employed by customers or
deployed within Zensar.
Allied Steelrode established a skills
development programme to build
a unique talent pool. Graduates
from various disciplines are selected
and placed in appropriate positions
relating to their areas of study and
given specialised on-the-job training.
These graduates earn while they
learn. They are paid a market related
salary with a full provident fund. Each
graduate is also assigned a mentor,
ensuring industry knowledge transfer
and market-related experience is
gained.21
18 Bratt, Michael. 2016. Vedanta Resources: Marrying Mining and Sustainable Development. In Reddy, G. (ed) 2016. India and South Africa: Trade and Investment
Partners. Wag the Dog Publishers.
19 Verachia, Abdullah. “Unpacking the India-South Africa Dynamic.” In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the
Dog Publishers, 2016.
20 Bratt, Michael. “Tata Motors: Indian Automotive Excellence.” In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog
Publishers, 2016.
21 Bam, Trisha. 2016. Allied Steelrode: Forged Through Shared Vision. In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag
the Dog Publishers, 2016.
Wipro’s internship
programme is about getting
students excited about
science and technology
and ensuring that they are
employable.
While we have succeeded in
bringing about sustainable
innovations and
transformation in South
African companies, one of
our greatest achievements
is our contribution to job
creation and transferring of
skills to South Africans.
– Mr Sorab Mullan, Regional Head
Southern and East Africa Nihilent
Technologies
Vedanta trained 45
local SMMEs in business
planning, marketing and
tendering.18
Veer Steel Mills established
a training centre to
train South Africans in
fitting, turning, welding,
boilermaking, metallurgy
and production technology.
Each year, about 200
individuals are trained
in compliance with
requirements of the Sectoral
Education and Training
Authority (SETA).
16. 13 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
How Zensar is enabling skills for future needs
Source: Zensar
Social responsibilityis the CiplaFoundation's core value
URBAN NURSE
SURGERIES
8
SINCE 2014
3RURAL NURSE
SURGERIES
Sha’p Left nursing surgeries were deployed in
Khayelitsha, Philippi, Wesbank, Du Noon,
Klipheuwel and Delft townships in the Western Cape.
These facilities provide communities with easier
access to primary healthcare that are staffed with
appropriately qualified medical personnel.
Sha’p left is a patient-centered, population-focused,
cost-aware, nurse-driven primary healthcare
service. We treat people close to home, in their
communities, and reduce the impact of common
illnesses and non-communicable chronic diseases.
17. 14Indian industry’s inclusive footprint in South Africa – Doing business, doing good
CSR activities of Indian
companies in South Africa
Indian companies operating in South Africa are not just investing money and
creating employment, but are actively contributing to the upliftment of the
communities in which they operate. They believe that business is an important
instrument for development and are making significant investments in
corporate social responsibility (CSR) programmes. Businesses cannot operate
in isolation, and investment in CSR reflects their desire to make a meaningful
contribution to the socio-economic development of South Africa and their long-
term commitment to being in the country.
Critical to CSR investment is ensuring that the following are achieved:
• Visible and measurable impact in communities targeted through CSI
contributions; and
• Mutually beneficial partnerships with all stakeholders.
Indian industry is making a sizeable contribution to social, environmental,
economic and cultural causes in South Africa.
The CSR activities of Indian companies in South Africa spans various areas of
focus, as the Vedanta Group’s CSR roadmap shows.
People
Profit Planet
Sustainability
In 2016, Mahindra South
Africa donated 5 000 solar
lamps to matric students
across 75 public schools in
South Africa. The project
involved a cost of almost
R400 000.
The Cipla Foundation
deployed a disaster relief
medical unit to provide
assistance to the community
of Mandela Park in Hout
Bay where 2 200 homes had
been destroyed by a fire.
More than 10 000 people
were displaced without food,
water or clothes and the
Cipla Foundation stepped
in to assist these displaced
families.
Vedanta’s CSR activities
• Over 1 000 cataract cases
treated in the Northern
Cape;
• Developed a full brick-
making plant run by
members of the local
community;
• Established school
support programmes
benefitting towns and
communities within
which they operate; and
• Built children’s activity
parks including a
swimming pool in the
Northern Cape.
18. 15 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Vedanta’s CSR roadmap in Southern Africa
VEDANTA ZINC INTERNATIONAL
Apr ‘17 Jun ‘18Nov ‘17Sept ‘17Jul ‘17Jun ‘17
May ‘17 Aug ‘17 Oct ‘17
* Awarding
of bursaries
(Khaima)
* Awarding
of bursaries
(//Kharas)
* Pink Drive
campaign
* Eye screening
for School going
Children
* U/17 Soccer
tournament
* Mobile library
for schools
* Expansion of
Garden Project
* ICT Centre for FET
College
* Upgrade of
Municipal fleet
* Regional Science
Fair
* Launch of U/17
Soccer
* New
Recipients of
the Goat
Project
* Annual Dental
Clinic
* Arbor Day
* Receipt of
bursary
applications
* Awarding of
bursaries
* Nandghar in
Pella
* Nandghar in
Kharas Region
* State Clinic in
Aggeneys
* Opening of
youth car wash
Ongoing Initiatives BMM:
•Cataract Surgeries
•SMME Support
•Assistance with funding
towards annual community
events
•Engineering Capacity
Support
•Agricultural Projects
Ongoing Initiatives SZ:
•Local School Support
•School Nutrition Programme
•Skorpion //Kharas
Governor’s Bursary Fund
•Youth empowerment
•SME training and support
•Efafata Women’s Group
Black Mountain Mining
Skorpion Zinc
Source: Vedanta Zinc International
Wipro is another company which is
active in education. Wipro’s ethos is
that education is a basic right and is a
key instrument for empowering whole
communities and especially young
people.
As a result, the company has launched
a number of programmes in South
Africa, most notably the Wipro
Siyapha initiative. The initiative aims
to empower South African citizens
through skills development, enterprise
development and socio-economic
development.
HCL partnered with Eduworks,
an organisation with a vision to
promote and boost maths and science
in schools, to develop Digischool.
This is an interactive browser-
based e-learning portal that uses
the power of multimedia to make
learning an enjoyable and meaningful
experience.22
22 http://www.eduworks.co.za/products/digischool/
CSR investments in
education
Indian industry has committed
to contributing to the education
sector and to alleviating some of
the challenges associated with the
education sector in South Africa. They
have taken a multipronged approach
to this with the aim of inspiring and
motivating young minds and enabling
young people to succeed, especially
in the fields of maths and science. For
example, Wipro has set up libraries
and computer laboratories that
provide access to over 1 000 learners
and educators in rural communities.
Tata Consultancy Services (TCS)
South Africa partnered with the
Department of Public Enterprise to
set up two rural IT learning centres in
the Lusikisiki district of the Eastern
Cape. One of the IT centres equips
children from five schools in the area
with IT skills, while the other is being
used to train unemployed women
from the local community as well as
unemployed youth.
ALT Africa, a provider of
ICT education solutions,
has donated a maths lab to
Vosloorus Primary School
and an e-learning solution
to Sunwood High School
in Benoni. The company
has also distributed ten
maths and science mobile
technology trolleys in the
North West Province and
continues to train public
school teachers in maths and
science.
The Cipla Foundation
partnered with other
corporates through the Miles
for Smiles initiative to raise
more than R1 million.
19. 16Indian industry’s inclusive footprint in South Africa – Doing business, doing good
CSR investments in
higher education
Financial constraints prevent many
South African students from pursuing
higher education. Indian industry
recognises this challenge and many
provide financial assistance. Tata,
for example, provides scholarships
to South African students to further
their studies at the University of
KwaZulu-Natal and Nelson Mandela
Metropolitan University. The
scholarship programme aims to
increase the number of postgraduate
scholars primed to take up leadership
positions in business, government, and
civil society.
CSR investments in
women empowerment
The empowerment of women is vital
to sustainable development and Indian
companies operating in South Africa
are playing their part in contributing
financially to programmes in this area.
Tata Africa is a sponsor of the Women
in Transport Awards. The awards
acknowledge organisations that have
stepped up and developed women’s
roles through innovative training
programmes and have demonstrated a
commitment to developing the careers
of women in the industry.
CSR investments
in rural areas
and community
development
Indian industry is channelling money
into South Africa’s rural areas to
support rural development and uplift
the rural poor. Wipro, for instance,
aims to increase ICT access, library
resources and entrepreneurial
opportunities in rural communities.
To date, five projects have been
completed in Mpumalanga, the
Eastern Cape and KwaZulu-Natal.
More than 10 000 learners and
educators now have access to IT
and library resources. In addition,
members of the community have been
trained in IT and business skills and
given the opportunity to manage the
centres.
Wipro is involved in a
partnership with the
Industrial Development
Corporation to improve ICT
infrastructure and literacy.
The programme will benefit
more than 28 000 learners
and 800 educators in 29
schools.
Eduworks has deployed its
e-learning technology in
three schools. More than
2 000 students are benefiting
from this programme
Tata Africa was one of the
sponsors of the Women
in Science WISA awards,
a platform that honours
distinguished researchers
within the fields of physical
and engineering sciences,
humanities and the social
sciences.
The Cipla Foundation
launched the Ramadimetja
Sophia Mogotlane early
Childhood Developmement
Centre in Limpopo in
partnership with the Deputy
President’s office and the
National Department of
Social Development.
Ion Exchange Safic, an
Indian water treatment
company, provides
bursary assistance to
study in disciplines such
as water treatment and
environmental management.
Full bursaries, which cover
tuition and books are
available.24
23 Jordaan, Lucinda. 2016. “Ion Exchange Safic: Total Environmental Solution.” In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-
22. Wag the Dog Publishers, 2016.
24 Davey, Derek. 2016. Zee TV: Cracking the African Market. In India and South Africa: Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog
Publishers, 2016.
Zee TV South Africa raised
funds for a shelter for abused
women in Lenasia with the
Nisaa Institute for Women’s
Development.23
In 2017, Mahindra South
Africa staff painted a public
school in Pretoria. The
company sponsored R50 000
for materials to complete the
project.
20. 17 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
CSR investments in
sports
Sports plays an important role in
bridging international and cultural
divides and is an important instrument
for social cohesion and well-being.
Indian industry in South Africa
recognises the importance of sports
and has demonstrated a commitment
to the development of sports in
South Africa through various CSR
activities. In recognition of the Nelson
Mandela International Day, Inner City
Ambassadors (ICA) in partnership
with Tata Consultancy Services
(TCS) introduced the Mandela Day
Cup (MDC) for young soccer players
from disadvantaged communities
in Johannesburg's inner city and
surrounding areas.
The tournament, which is hosted by
ICA, was launched in 2010 during
the FIFA World Cup in South Africa.
The event provides teams from all
over Gauteng with the opportunity
to showcase their soccer skills in
a competition that emphasises
teamwork, discipline and fair play.
More than 200 teams took part in the
competition in 2017.
Staff volunteerism
Another way in which Indian
companies are impacting communities
is through staff volunteering. Staff
volunteerism is intrinsic to the culture
of Indian companies, with many staff
members applying their skills and
talents towards improving the lives of
others.
Since 2011, more than 300 Tata
Consultancy Services (TCS) staff
volunteers have been engaged in
various volunteering activities. Staff
at Wipro are also passionate about
volunteering, and have been involved
in a number of initiatives over recent
years, including:
• Providing career guidance and
motivational talks to more than 300
learners;
• Donating stationery to 500 learners
at Lodrile High School in Rietvallei;
• Donating toys and holding a
Christmas party for 100 children at
Little Foot Preschool in Diepsloot;
• Donating blankets, clothes and non-
perishable food items for more than
80 children and adults from Slovo
Centre; and
• Donating non-perishable food to
41 children from child-headed
households at Reamohetsoe Primary
School in Orange Farm.
Tata Consultancy Services in
partnership with Inner City
Ambassadors launched the
Mandela Day Cup in 2010.
More than 200 teams took
part in the competition in
2017.
21. 18Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Challenges faced by Indian
companies in South Africa
Indian industry faces a number of
challenges in South Africa, including
mobility, ease of doing business and
ownership requirements.
Visas have been highlighted as a
major challenge for Indian companies
needing to bring people to work
in their South Africa subsidiaries.
Bringing key people from India is
especially critical when setting up a
new business in South Africa.
The extended delays experienced by
many after applying for work visas acts
as a hindrance and in some cases as a
deterrent to doing business in South
Africa. The South African Government
is cognisant of the challenges
regarding visas and immigration,
and the Department of Home Affairs
is working to minimise hurdles and
expedite the processing of visas for
business executives.
Business executives can also take
advantage of the BRICS visa. This is
a long-term visa (up to ten years);
however, each visit should not exceed
30 days. It applies to diplomatic,
official/service and ordinary passport
holders. The BRICS visa application
has a very short turnaround time.
In terms of travel between India and
South Africa, it is unfortunate that
there are no direct flights between the
two countries. This makes journeys
between the two countries long and
expensive, which is a challenge that
needs to be addressed in order to
enhance the smooth flow of trade.
The revised codes for Broad-Based
Black Economic Empowerment
(B-BBEE) have been highlighted as
a challenge that may deter Indian
investment in South Africa. Ownership
requirements in which companies
have to share ownership with South
Africans present a constraint for
companies that are not in a position to
give up a stake in their company or to
share management control.
However, investors should not see the
B-BBEE codes as a deterrent. There is a
real opportunity to partner with South
African companies when expanding
into South Africa.
Partnering with South Africans and
South African companies increases
opportunities to do business with the
Government of South Africa, while
contributing to skills development
and the socio-economic development
of South Africa. A number of Indian
companies have successfully set up
jointly owned South African entities
or subsidiaries that satisfy B-BBEE
ownership criteria.
Bureaucracy and red tape have also
been cited as major challenges in
South Africa. Getting approvals from
government and regulators sometimes
takes a lot of time, especially
for mining and infrastructure
development, which can affect the
financial viability of projects.
The South African Government is
aware of the problems and is working
to create a conducive environment
for Indian companies (and other
investors) to invest in South Africa.
The establishment of the InvestSA
One Stop Shop is a major move that
demonstrates the government’s
commitment to smoothing the way for
investments coming into South Africa.
InvestSA One Stop Shop
The InvestSA One Stop Shop
was launched in March
2017. The One Stop Shop
serves as a focal point for
contact between government
and investors. The initiative
aims to efficiently coordinate
government bodies involved
in regulatory matters,
including registration,
permits and licensing. It
is envisaged that the One
Stop Shop will significantly
shorten and simplify
administration procedures
and guidelines for issuance
of business approvals,
permits and licensing and
remove bottlenecks faced by
investors in establishing and
running businesses.
22. 19 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Future growth areas
The demand for solar power is
expected to surge over the next few
years. This is an area that has growth
potential, not only in South Africa but
across the whole of Africa. Tapping
into this market will deliver great
dividends for the companies that are
willing to venture into this terrain.
Agro-processing has been identified
as an important segment with the
potential to help meet the objectives
outlined in South Africa’s New Growth
Path and the National Development
Plan. There is increasing demand for
food and other agricultural products,
and Indian companies in the agro-
processing industry wishing to expand
into South Africa have an opportunity
not only to establish processing plants
in South Africa, but also to supply the
wider African market. South Africa
exports 85% of its output of peaches,
pears, apricots and pineapples. South
Africa’s success in food processing
technology can help to prevent
wastage of fruits in India.
In South Africa, there is a growing
demand for IT services among
small and medium-sized
enterprises (SMEs) looking to
improve their operational efficiencies.
Focused IT growth is expected in
areas such as analytics, infrastructure
management, big data, legacy
modernisation, cloud computing,
BYOD (bring your own device), social
media, ERP and mobile apps.25
While
a number of Indian IT giants have
established operations in South Africa,
there are opportunities emerging in
the sector that companies expanding
into South Africa can take advantage
of.
The 4th Industrial Revolution
opens up business opportunities
for businesses in the IT sector. It
combines elements of the internet,
robotics, machines, biotechnology,
nanotechnology and artificial
intelligence to bring about smart
factories that can manufacture goods
with little to no human intervention.
The drivers of the 4th Industrial
Revolution are expected to have a
significant impact on jobs and to
widen the skills gaps of unskilled
labour – this is particularly concerning
to South Africa’s large unskilled
workforce. Future forward thinking
is needed to pre-empt what the skills
of the future are going to be and
how to prepare the labour force to
meet that need. Indian IT companies
well placed to provide the skills and
services brought about by the 4th
Industrial Revolution will stand to
benefit immensely by providing and
transferring those skills to South
Africa.
25 Kun, Bette. “HCL Technologies: Servicing South Africa’s Top Companies.” In India and South Africa:
Trade and Investment Partners, edited by Govin Reddy, 10-22. Wag the Dog Publishers, 2016.
23. 20Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Moving forward
In order to magnify their CSR footprint
in South Africa, Indian companies
should consider partnering with local
companies so that they can make a
greater impact by pooling resources.
It is recommended that a CEO forum
for start-ups be established. This
forum would be made up of CEOs
of start-ups from both South Africa
and India and would serve as a
platform for knowledge transfer and
information sharing.
Instead of only channelling money
towards charitable projects, Indian
companies should consider funding
social enterprises in South Africa.
Social enterprises generate income
while addressing a social need. The
old adage applies here. Give a man a
fish, and you will feed him for a day.
Teach a man to fish, and you will feed
him for a lifetime. It is suggested that
a social enterprise desk/forum be
formed to facilitate knowledge and
skills sharing between South African
and Indian social enterprises, and
to foster mutual trade. CII is ideally
positioned to facilitate this initiative.
There should be a concerted effort
to explore and exploit options for
increasing participation in areas such
as deep mining, start-ups and agro-
processing.
While donating to charities is
commendable and should be
continued, Indian companies
could take more action to build
infrastructure or repair dilapidated
infrastructure such as schools,
hospitals, clinics and community
centres in the communities in
which they operate. Municipal
budgets are sometimes too tight to
allow for repairing or building new
infrastructure and CSR investments
in this area would go a long way
towards improving much-needed
facilities, especially in marginalised
communities.
Indian companies have identified a
lack of human capital, particularly
in the IT sector. Some companies
have already taken steps to upskill
local people so that they can take
up positions in the IT sector and this
is commendable. Another way of
increasing impact in upskilling locals
in the IT sector is to partner with
Skills Education Training Authorities
(SETAs) to address the lack of human
capital in alignment with the priority
areas of the SETAs.
South Africa has been exporting most
of its vast mineral resources in their
raw form. To accelerate economic
growth and create jobs, this needs to
change. The country needs to establish
a defined manufacturing base to
optimise the resources that it has. This
provides a real opportunity for Indian
companies to step up and fill the gap
by establishing manufacturing plants
in South Africa to beneficiate raw
materials locally. To make a greater
impact, Indian companies could
partner with local entrepreneurs in
setting up manufacturing facilities so
that there is real skills transfer and the
meaningful economic empowerment
of South Africans.
Indian companies operating in
South Africa should take advantage
of the presence of CII by joining
the confederation in India, as well
as becoming a member of the the
CII India Business Forum (South
Africa). As a member, companies
become part of a collective Indian
industry voice that strives for growth,
excellence, sustainability and ethical
business practices. Indian companies
expanding into South Africa should
make use of CII in South Africa to help
navigate the South African business
landscape and build relationships with
key stakeholders to facilitate smooth
integration into South Africa.
24. 21 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Conclusion
Indian companies operating in South Africa create decent jobs, invest in local
communities, employ local people and upskill their staff. This, together with
their CSR initiatives, is having far-reaching, positive impacts across the country.
Doing business while doing good is ultimately good for business - and society.
Looking to the future, the Indian business footprint in South Africa is likely to
grow further. The South African business footprint in India is also expanding
with the prospect of great returns for South African companies investing in that
market. Organisations and structures such as the PwC India Desk, Confederation
of Indian Industry (CII), India Business Forum (IBF) and India-South Africa CEO
Forum should be engaged with for access to their solutions, support, insights
and networks.
Trade relations between South Africa and India are promising to grow further
the shared legacy of both countries. The announced India-South Africa focus
on doubling trade figures within the next few years presents an unparalleled
opportunity for rapid economic growth and prosperity. More than ever, South
African and Indian industry need to connect and collaborate closely in order
to overcome challenges, zero in on growth opportunities and move forward to
greater prosperity. A rising tide lifts all ships.
CII India Business Forum
The CII India Business Forum is an exclusive group of corporate members,
primarily Indian companies with existing or planned operations in South
Africa. It provides an avenue for senior representatives of Indian companies
based in various provinces across South Africa to discuss their views and raise
shared concerns with regard to policy and markets with relevant stakeholders,
such as the High Commission of India, representatives and agencies, members
of Parliament, universities and others. In addition to facilitating their
participation at several high-level India-SouthAfrica-related conferences
and events featuring government officials and business leaders, the forum
also provides access to unparalleled networking opportunities with the local
business community.
The forum values integrity, non-alignment, professionalism, accountability
and autonomy.
Benefits of joining include:
• Priority access to intelligence, resources and organisations in the South
Africa-India corridor;
• Invitations to relevant CII conferences, events and private meetings;
• High-level networking opportunities throughout the year, showcasing
success stories;
• Meeting and interacting with visiting government and business delegations
from India;
• Business road trips – joining regional delegations to seek new business
opportunities; and
• Providing inputs on policy issues and bilateral G2G and B2G dialogues.
25. 22Indian industry’s inclusive footprint in South Africa – Doing business, doing good
India-South Africa CEO Forum
This forum was established to bridge the information awareness gap, deal with industry concerns, overcome barriers to
trade and investment, and to stimulate trade in manufactured goods and services between South Africa and India.
The India-South Africa CEO Forum has been instrumental in the signing of several memorandums of understanding
(MOUs) leading to increased cooperation in a wide range of areas between the two nations. Some of the memorandums
signed include:
• Hindustan Zinc Limited signed two MOUs with Minova Africa for the development and supply of rock support
systems for underground mining in India; and with Feremel for the supply and maintenance of underground mining
equipment to improve safety, efficiency and productivity in modern mechanised underground mines.
• MMI Holdings and Aditya Birla Nuvo signed an MOU to form a joint venture in the health and insurance sector in
India.
• India’s Ion Exchange Safic, a leading waste and water treatment company with a presence in South Africa, will
collaborate with Stefanutti Stocks on large-scale water and effluent treatment projects in South Africa.
• SAAB Grintek Defence and Tata Power signed an agreement for the production of land electronic defence systems in
India.
• An MOU was signed between Pioneer Global Enterprises of India and Armscor to produce ultrasonic broken railway
detector systems for Indian Railways. The agreement includes an emphasis on technology transfer.
• The Gordon Institute of Business Science signed an MOU with the Indian school of Business Hyderabad to collaborate
on a senior executive programme, student exchange, faculty exchange and joint research.
• An MOU was signed between the Dube Trade Port in Durban and Cipla India, which will see a R1.3 billion biosimilar
plant being set up in the special export zone to produce cheaper drugs for the local market as well as export.26
26 https://www.ndtv.com/india-news/8-agreements-signed-at-south-africa-india-ceos-forum-1429557
26. 23 Indian industry’s inclusive footprint in South Africa – Doing business, doing good
Contacts
PwC
Megandra Naidoo
Partner
+27 (11) 797 4013
megan.naidoo@pwc.com
Raj Dhanlall
Partner
+27 (11) 797 4424
raj.dhanlall@pwc.com
Alan Seccombe
Partner
+27 (11) 797 5317
alan.seccombe@pwc.com
Ibikunle Olatunji
Senior Manager
+27 (11) 797 5317
ibikunle.x.olatunji@pwc.com
CII South Africa
Nazrana M. Jassat
Representative - CII South Africa
+27 (0) 76 586 7808
nazrana.jassat@cii.in
Acknowledgements
Adesh Kisten
Dr Rejoice Shumba