145;Jointly venture in third countries146;

The PM asked Indian and South African CEOs to jointly explore opportunities in third markets, adding that South African companies benefit from the pool of scientific talent and skilled work force in the manufacture and services sectors. 8220;With the Safta in place and Indo-Asean free trade agreement under negotiation, the potential is unlimited,8221; he said.

Singh said India had grown at 8 per cent for four years in a row. 8220;Analysts believe, we can sustain this growth in the medium term. Indeed, we aim to raise the rate to 8-10 per cent in the near future,8221; he said.

He said there was immense scope for India-South Africa cooperation. For example, many global companies have leveraged the advantage India offers to set up R038;D facilities and BPO operations.