New Delhi, Aug 20 (IANS) India and Africa have come a long way and there are scores of trade opportunities for both countries across sectors, John Panonetsa Mangudya, former Reserve Bank of Zimbabwe (RBZ) Governor, said here on Tuesday.
Speaking to IANS on the sidelines of the 19th ‘CII India-Africa Business Conclave’ in the national capital, Mangudya said if you look at both the countries, “we have a combined population of nearly 2.8 billion, so there is plenty of scope for both the nations to grow together on the global stage”.
“It is all about further improving relationships between the two countries across industries and this India-Africa conclave is a perfect example of that,” added Mangudya, now the CEO of Mutapa Investment Fund, a state-owned investment company.
On Zimbabwe and India trade ties, he said that while Zimbabwe has mineral wealth, India is very strong in the iron and steel sector.
In 2022, Zimbabwe exported $13.5 million worth goods, mainly raw tobacco, tea and raw nickel. On the other hand, India exported packaged medicaments, rice and large iron pipes.
Earlier this month, the third Foreign Office Consultations (FOC) between India and Zimbabwe were held in Harare.
Both sides reviewed the entire gamut of bilateral relations between the two countries, including the existing institutional mechanisms such as the Joint Commission and the Joint Trade Committee.
According to the government, cooperation in the fields of defence, agriculture, health, mines, minerals and geology, digital platforms, education, training and capacity building and cultural exchanges were discussed.
In May, during the India-Zimbabwe Joint Trade Committee (JTC) in Delhi, the delegates from both the countries discussed greater cooperation and addressed pending issues towards boosting trade and investment.
Both the countries identified several areas of cooperation, including pharmaceuticals, geospatial sector, healthcare, machinery and mechanical appliances, vehicles, electrical machinery, mineral fuels, mineral oils and products of distillation, plastics and articles, iron and steel, agriculture and food processing, engineering sector, renewable energy, digital economy, textiles and capacity building, etc.
–IANS
na/pgh
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
