FTCCI (Federation of Telangana Chambers of Commerce and Industry) organised an interactive meeting on business opportunities in Africa at the Hyatt Place, Banjara Hills, Hyderabad.
“Africa, with its rich natural resources and rapidly developing sectors, presents a wealth of business possibilities Today’s event is an opportunity for potential investors who have a keen interest in harnessing the potential of Africa’s dynamic business environment,” said Meela Jayadev of FTCCI in his presidential address.
“Since most African countries are vying with each other to develop and improve the standards of living of people, the countries are focusing on infrastructure development and creating facilities to attract investors globally,” Meela Jayadev added.
AK Pramod Kumar Kathigasu, Business Development Head for Andhra Pradesh and Telangana at Arise Integrated Industrial Platform, explained in detail the various opportunities. “Another advantage is that goods can be exported to Europe from Africa at zero tax. This provides a huge opportunity for investors to get high returns and expand,” he said.
“Africa is a fast-growing continent, and many international investors recognise that there is enough money to be earned there. This programme was organised to create awareness about investment opportunities in Africa. The general impression that still prevails among many people is that Africa is still an underdeveloped country, that poverty is very high, and that people are not highly educated. Several African countries have undergone economic reforms and are one of the best places to invest when compared to countries in other regions,” said Srinivas Garimella, Chair of the Industrial Development Committee.
“This is an opportunity to explore the wealth of business possibilities in Africa across diverse sectors such as agriculture, timber, textiles, cashews, fruits, rubber, spices, minerals, glass, construction, food processing, and others,” stated Chakravarthi AVPS, Chair of the International Trade Committee.
