ZNCC seal deals with India investors

ZNCC seal deals with India investors
Published: 28 November 2017
The Zimbabwe National Chamber of Commerce (ZNCC) has sealed investment deals with Indian investors, following a week-long visit intended at fostering private sector engagements with India, in order to facilitate business growth in the country.

The Zimbabwean delegation managed to sign a Memorandum of Understanding (MOU) between ZNCC and Indo Africa Chamber of Commerce.

The MOU which will see India engaging with Zimbabwean firms, was signed between ZNCC President, Dr Divine Ndhlukula and Gujarat Chamber of Commerce International President, Shailesh Patwai.

"The deal seeks to encourage cooperation between the two parties in any economic area that can benefit the economic, commercial and industrial activities of the two countries, as well as promote business linkage activities and programmes," said Dr Ndhlukula.

"The cooperation centres on exchange of trade and investment related information, exchange of publications and information of bilateral trade, development of joint venture and technology transfers and investment, exchange of trade enquiries and business proposals for joint venture and investment," he added.

"Gujarat is offering us business opportunities in mining, tourism, agriculture and agrochemicals, pharmaceutical/biotech, textile and apparel, dyes and chemicals, power, information technology and engineering."

India also intends to support Africa's agric sector and had set aside US $800 million to support small and medium enterprises within the continent, which Zimbabwe intends to benefit from.

The visit also led to the commissioning of the Zimbabwe Business Development and Investment Office in Ahmedabad, Gujarat, India, which will be manned by the Zimbabwe Embassy in India with support from ZNCC, Zimbabwe Investment Authority (ZIA) and Zimtrade.
- Harare Post
Tags: ZNCC,

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