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Friday, June 1, 2012

Africans to emulate India's real estate devpt

SURAT: Days are not far when African women will don the dresses made from synthetic fabric made in Surat. Similarly, Surat realtors are likely to go all the way to Ethopia, Botswana and South Africa to develop construction sector there. A real possibility has come up as a few African countries want Surat-based textile industry to make fabric for their customers. They will supply the designs based on which cloth will be made in the city.

Similarly, a few construction firms from African countries have sought help in development of real estate sector with the use of modern technology and equipments that Indian realtors use. During a one-day Indo-African conclave, more than 500 businessmen from Surat and 13 African nations held one-to-one meetings to discuss mutual business prospects.

President of South Gujarat Chamber of Commerce and Industries SG Paresh Patel said, "One-to-one discussion on business proposals will continue. We expect few memorandum of understandings (MOUs) to be signed."
More than 210 participants from Surat representing different sectors and 22 diplomats of African countries along with 130 businessmen discussed business for the first time in the city.
The sectors in which maximum trade is likely to occur are textiles, agriculture, construction, information technology and wood logging.

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