With this deal, the bilateral trade between the two countries is expected to rise from existing 27 billion USD to 45 billion USD in the next five years, said Piyush Goyal.
The aim of this agreement is to facilitate bilateral relations in tourism and the exchange of information and data related to the sector between the two countries.
India and South Africa had brought a proposal at the WTO to lift IP restrictions for Covid vaccines and medicines back in October 2020. The proposal has been repeatedly blocked by the US, UK and EU.
The railways will also carve out a space for utility area for medical personnel in line with MoU along with taking care of sanitation and catering arrangements.