"The minister has urged the private sector to explore opportunities presented by the political and economic relationships that India and South Africa have," dti spokesperson Sidwell Medupi said.
This as Davies is in India to attend the SA-India CEOs Forum scheduled for today, 29 August 2011.
Speaking at a reception hosted by the South African High Commissioner to India in New Delhi, Davies said Tata India is one of South Africa's largest foreign investors.
Bilateral trade between South Africa and India has experienced an upward trend from 2006 to 2010, growing from R16.3 billion to R43 billion.
"It is unbalanced. South Africa is exporting primary goods while India is exporting value added goods to South Africa," said Davies.
Coal, solid fuels, manganese ores and copper ores are some of the exported goods to India, while petroleum oils and vehicles are some of the goods that are imported from India.
The SA-India CEOs Forum is a platform for business community interaction between SA and India.
The minister is expected to address the forum later today.
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