India and South Africa Join Forces to Establish Chamber of Commerce, Strengthening Bilateral Economic Ties
Nov 13, 2024
New Delhi [India], November 13: In 2024, India and South Africa celebrate the 30th anniversary of their diplomatic relations, marking three decades of deep-rooted historical ties and cooperation. This milestone year has also seen a significant economic achievement- a bilateral trade between the two nations has surpassed pre-pandemic figures, reaching an impressive total of approximately USD 19 billion. In support of the strong bilateral relations between South Africa and India, the private sector of both countries has collaborated in launching the India-South Africa Chamber of Commerce (ISACC) as an important and strategic platform in deepening and diversifying economic relations between the two countries. The chamber is set to play an important role in promoting bilateral trade and investment, facilitating business partnerships, and providing a platform for businesses to network and exchange knowledge. With a strong commitment to empowering youth and women, the chamber will create opportunities for participation in economic activities and entrepreneurship, including the MSME sector.