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Source India holds first largest Ghana business meet in Accra

YarnsandFibers News Bureau 2017-03-01 16:00:00 – Africa

An Indian trade promotion company, Source India is holding the first and largest of its multi-sectoral businesses exhibition Source India Ghana 2017, in Accra, an initiative aiming at enriching bilateral relation and trade for mutual growth.

The business delegation comprises of around 50 Indian companies visiting Ghana with the prime objective of improving the existing relations, establishing and developing new business with their Ghanaian as well as other West African counterparts and explore the scope of investment in Ghana.

The Indian exhibitors represent sectors like Textile & Footwear, Engineering, Food processing & Technology, Auto Components, Healthcare & Pharmaceutical, Building and Construction etc. expecting Ghanaian counterparts comprising of manufacturers, importers, distributors, entrepreneurs, wholesalers and retailers for business engagement and investment tie ups.

Ghana has been a well growing economy in the West African region with focus on trade enhancement and improving presence in the international trade.

India-Ghana share a very warm and cordial relation. India has been supporting Ghana for development projects through Lines of Credit and grants amounting to around US$ 230 million. Indian investment in Ghana is around USD 998 Mn making India the 2nd largest foreign investor in Ghana. Apart Ghana was included as 1 of 9 West African countries under the GOI’s TEAM 9 initiative launched in 2004.

The Indian exhibitors represent sectors like Engineering, Food processing & Technology, Auto Components, Healthcare & Pharmaceutical, Building and Construction, Textile & Footwear etc. expecting Ghanaian counterparts comprising of manufacturers, importers, distributors, entrepreneurs, wholesalers and retailers for business engagement and investment tie ups.

Through Source India Ghana 2017, it is expected that the bilateral trade, investment and business relations will get strengthened which will have a positive impact on Ghanaian economy through Joint Venture initiatives, technology transfers thereby leading to employment generation, output growth and achieve import competitiveness.

The programme is to afford Ghanaian businesses the opportunity to share ideas with their Indian counterparts started on Tuesday 28 February and it would come to an end on Thursday March 2 at the Accra International Conference Center.

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