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Bank of India has opened its first South African branch here, more than half a century after it established its first presence in the African continent.   “Africa has, for long, been our favoured continent and upgrading our representative office of the past five years to branch banking in South Africa is one more step in that direction,” said Alok Misra, Chairman and Managing Director of the 106-year-old bank.   Bank of...

  • Posted on : Saturday , 19th July 2014
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Trade between India & Kenya   Bilateral trade grew by 57% to reach US$ 2.4 billion in 2010-11. Nearly US$ 2.3 billion constituted India’s exports to Kenya. India is the sixth largest trading partner of Kenya. According to Kenyan statistics, bilateral trade for 2011 was approximately US$ 1.8 billion. The figure for Indian exports to Kenya during January-May 2012 is US$ 893 million (13% of total Kenyan imports, largest exporter...

  • Posted on : Saturday , 19th July 2014
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Over 30 Indian companies are participating at the 16th Kenya International Trade Exhibition in Nairobi, Kenya. The mega event is being held from October 6th to 8th 2012 at Kenya’s prime international venue, the Kenyatta International Conference Centre.  “Kenya International Trade Exhibition is an excellent platform for Indian companies to effectively promote their range of products in a market that is filled with major...

  • Posted on : Saturday , 19th July 2014
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India and Africa have agreed to raise their bilateral trade target to $90 billion by 2015 from $70 billion set earlier. This follows bilateral trade reaching $60 billion last year. “A 20-fold growth within a decade is indeed an achievement worth applauding. I propose that given the current growth rate, we may agree to revise the trade target to $90 billion by 2015,” said the Union Commerce, Industry and Textiles Minister, Mr...

  • Posted on : Wednesday , 12th September 2012
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NEW DELHI — Indian and African leaders on Sunday agreed to sharply increase bilateral trade to $90 billion by 2015 as the two sides discussed potential deals. The South Asian country is aiming to boost its trade and diplomatic ties with Africa where China has already made major inroads by striking multiple deals, building infrastructure projects and offering soft loans. The goal of achieving $90 billion in trade between India and China...

  • Posted on : Saturday , 19th July 2014
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