Chemexcil seeks opportunities in South Africa
Johannesburg: South Africa presents great opportunity for Indian chemical companies if they could ensure quality rather than quantity, Indian High Commissioner Virendra Gupta has said.
"South Africa is a highly quality-conscious market, so I think the key issue is not the size of the Indian company, but the kind of quality that you can consistently adhere to. There is considerable opportunity for entry for small and medium sized entrepreneurs," Gupta told a delegation from the Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council (Chemexcil) here yesterday.
As many as 68 Indian exporters and manufacturers from Chemexcil are participating in a two-day buyer-seller meet to boost business in South Africa.
The representatives are providing details on a diverse range of products including adhesives, basic chemicals, cosmetics, detergents and other industrial chemicals.
Gupta said there was great opportunity for mutual benefit in the phosphate sector in particular, as India imported a lot of phosphates from South Africa.
Chemexcil Chairman Satish Wagh concurred that there was a lot of opportunity for joint ventures in the nine sectors in the chemical industry in South Africa.