India will continue to invest in South Africa as its appetite for natural resources and access to the African market grows. Despite the economic recession, India’s economy has continued to grow between six and eight percent and as a result there is still a large demand for many resources.

These points were noted earlier today at the forum on India’s Emerging Multinationals in Africa, hosted by the Frontier Advisory.

Indian investment would not however be limited to natural resources and but would include ventures into the automotive, pharmaceutical, industrial and construction sectors. This is building on the estimated $40-billion and $50-billion worth of investment into Africa that India has made between 1992 and 2007.

South Africa’s unique position is that many interpret, often rightfully so, that South Africa is the springboard for investment and expansion into the rest of Africa.

Reported by Engineering News