SA-India trade relations growing both ways

2010-10-19 00:00

BUSINESS relations between South Africa and India are on the up, and indications are that this trend will continue to strengthen in years to come.

This has already been confirmed by South Africa’s Consul-General to India, Busi Kuzwayo, as well as by some of India’s top-ranked business conglomerates.

Take the Taj Hotel Resorts and Palaces for instance, which is easily India’s finest hotel group. Locals can expect to check into more of these hotels in South Africa in the future.

Yannick Poupon, the chief operating officer for the group’s international hotels, says Taj are looking at further expansion into the South African hotel market.

Poupon officially launched the chain’s first South African hotel in Cape Town in August this year and said they are considering opening another hotel in the country.

“We are looking at the Melrose area in Johannesburg.

“Durban is another possibility,” he added.

The Cape Town hotel was launched amid much fanfare and cost about R500 million.

Taj Hotels form part of the world renowned Tata Group, which is a multinational company whose revenues and market capitalisation make it one of the most highly regarded companies on a world-wide scale.

Tata Group has interests in communication, steel, information technology, automobiles, hospitality and tea and cosmetics.

The Tata dynasty does business in 85 countries on six continents. This includes South Africa, where Tata sells its trucks and cars as well as telecommunications technology through Neotel, in which it is a majority shareholder.

An international Indian airline, Jet Airways, is also making gains locally with regular flights between the two countries

The market gains are not one-sided. SAB Miller has become the second-ranked alcohol brand in India Shoprite Checkers group has also managed to penetrate the Indian market admirably.

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