Indians keen to invest in Zimbabwe

Indians keen to invest in Zimbabwe
Published: 25 November 2013
President Joice Mujuru on Friday met a delegation of Indian businessmen which is in the country to explore investment opportunities.

The 15-member delegation from the Confederation of Indian Industry (CII) expressed interest in investing in a number of sectors.

"There are opportunities in the areas of agriculture and information communication technologies, infrastructure building and in various other sectors like food processing," Eb Rajesh, leader of the delegation, said.

He said the Indians would want to assist the country by focusing on priority areas identified in the new economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset).

The blueprint will guide Government's economic transformation agenda for the next five years and focuses on four clusters, namely food security and nutrition, social services and poverty eradication, value addition as well as infrastructure development. Government is pushing hard to attract new investment into the moribund economy.

"Primarily, the interest is on areas in ZimAsset, the new document Government is working on, and we feel there are a lot of opportunities which we can exploit," Rajesh said.

He said there were serious investors from the Asian country interested in investing in Zimbabwe's energy sector.

India's ambassador to Zimbabwe Jeitendra Tripathi said co-operation was likely to focus on three main areas which are infrastructure development, agriculture and energy. "These three are the main areas that we feel a lot of our members are interested in and we feel common synergies could be found," he said.


- New Ziana
Tags: Indians,

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