Sunday February 24, 2019
Home Indian Diaspora Businessman o...

Businessman of Indian-Origin honoured in Ghana

0
//
ghana
Image source: buzzghana.com

Accra, Ghana: Ghana’s premier higher institution, the University of Ghana has awarded an Indian-origin businessman Ramchand Mohinani with an honorary doctorate degree at a special congregation for his achievement in business in the African nation.

In a citation, the university said the decision to honour Mohinani was in recognition of his hard work and for successfully establishing and managing businesses, as well as for his contribution to the economy of the country.

Ramchand Udharam Mohinani is the Chairman of the Mohinani Group. Image source: amaghana.com
Ramchand Udharam Mohinani is the Chairman of the Mohinani Group. Image source: amaghana.com

His son Ashok told reporters that Ramchand was born in India on March 8, 1935 in Hyderabad and first arrived in Ghana in 1954 to join his uncle’s trading business.

He later decided to start his own business and has not looked back since then.

“In 1960, he formed a partnership with a Ghanaian businessman to establish a company dealing in garments, shoes and polythene products They parted ways after six years and he went on to establish Poly Products Ghana Limited in 1966,” Ashok said.

Ramchand started his first business with one machine and four workers near Mendskrom on the Kasoa road, near Accra.

Today, the company produces packaging materials for the confectionery, soap, food and beverage industries in the country. The packaging materials produced by the company are also used in the agro-processing industry in the country. (IANS)

Next Story

Prime Minister Narendra Modi Stern On Intensifying India-Korea Economic Relations

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018. 

0
agreement
Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: "Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion." Pixabay

Making a call to intensify the India-Korea economic relations, Prime Minister Narendra Modi here on Thursday urged more Korean businesses to turn their attention towards India.

“I wish to see more and more Korean businesses turning their attention to India,” Modi said.

Addressing the India-Korea Business Symposium, Modi who is on a two-day official visit to South Korea, said India has become one of the most open countries for foreign direct investment (FDI), recording $250 billion inflow in the past four years.

India
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.
Pixabay

Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: “Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion.”

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018.

Money
Trade Groups Claim, American’s Detention Is A Potential Moment For Russia. Pixabay

“Not just trade, in terms of investment also we are seeing a positive turn. Korean investments into India have reached a cumulative figure of almost $6 billion,” the Prime Minister said.

Noting that the South Korean National IT Industry Promotion Agency (NIPA) has opened its India office in Bengaluru to facilitate Korean startups in India, the Prime Minister said both the countries have decided to set up a future strategy group (FSG) and a centre for research and innovation cooperation.
Also Read: Trade Groups Claim, American’s Detention Is A Potential Moment For Russia
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.

India, he said, has jumped to the 77th spot on the World Bank’s “ease of doing business” rankings on the back of reforms and is determined to break into the top 50 next year. (IANS)