India Inc hunts bright prospects in Dark Continent

Font Size

Print

Feedback

Email

Discuss

Related Articles

Buzzintown to expand its presence to 35 citiesFinMin supports ADAG's borrowing plansDr Reddy's files for marketing Lipitor generic

New Delhi, Aug 11 : mines in Mozambique in South Africa. Under the terms of the agreement, Tata Steel will invest $88.2 million to acquire 35% of Riversdale’s Benga and Tete licences.

Giants like Ranbaxy and Cipla have invested in the healthcare and pharmacy sector in Uganda, Nigeria, Namibia, and Zambia. SK Seth, group general manager, RITES Limited told FE, “We are looking for business opportunities everywhere in the world but Africa is special as RITES has been involved in several African countries in the last 30 years and has good experience and knowledge of working in these countries. We have the appropriate technology and working systems, which suit African conditions well. In terms of benefits, we have exposure to growing markets for export of railway equipment and opportunities to render consultancy services and get involved in public private partnership projects that are expected to further enhance the business potential in the areas in which we are”.