On Thursday, the South African Electrotechnical Export Council (SAEEC) and the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), signed a Memorandum of Understanding (MoU) at the Cape Town International Convention Centre.
Present at the signing was SAEEC Chair Nthabiseng Dube, who is also government relations director at ABB South Africa.
SAEEC reaffirms commitment to IEEMA
The agreement was signed as a commitment to both organisations to ensure that they both maintain and further mutual co-operation and understanding between the parties and through their members to identify business opportunities in South Africa and Africa.
According to the SAEEC, the collaboration will extend to develop and enhance skills and knowledge transfer between IEEMA and SAEEC members.
In addition the agreement will facilitate technology transfer agreements between IEEMA and SAEEC members and identify and partner key investment opportunities and sharing market intelligence for mutual benefit in both India and Africa.
Support industry growth and development
The SAEEC describes themselves as a trade organisation established as a Public Private Partnership between South African business and the Department of Trade and Industry to facilitate the export growth and internationalisation of its member companies.
“Our members are South African registered companies that manufacture and provide products and related services in the electrotechnical sector namely: electrical engineering: electronics: information technology and telecommunications,” the organisation said in a company statement.
Founded in 1948, IEEMA is the first ISO certified industry association with 800 plus member organisations encompassing the complete value chain in power generation, transmission and distribution equipment.
According to the South African association, IEEMA members have contributed to more than 90% of the power equipment installed.
The Indian electrical equipment industry size in 2014-15 was in excess of $25 billion with exports of $5.6 billion.
The industry provided direct and indirect employment to over 1.5 million persons and to over 5 million across the entire value chain.
Talking to ESI Africa, Dube explained what this agreement means to the electrotechnical sector: “This is the beginning of a structured collaboration for the electrotechnical sector, which includes energy; ICT and electrical engineering, to bring together India and Africa and learn from best practice.”
Dube added that this agreement will help efforts to achieve the millennium goals, which is to deliver energy access to all.