Home Business 18th India-Africa Conclave gets underway in New Delhi

18th India-Africa Conclave gets underway in New Delhi

0

Story by Oleen Ndori

The 18th edition of the India – Africa Conclave is expected to map the way forward on deepening a mutually beneficial relationship as Africa pursues implementation of the African Continental Free Trade Area.

The aspiration to create a future that safeguards and pursues continued growth formulates the African Continental Free Trade Area and opportunities that exist for the continent are vast. 

Officially opening the 18th edition of the Confederation of Indian Industries Exim Bank Conclave on India Africa Growth Partnership, Indian Minister of External Relations, Dr Subrahnanyam Jaishankar said it is important for the two parties to be cognisant of the growth aspirations of the African continent to ensure mutual benefits.

Vice President General (Retired) Dr Constantino Chiwenga weighed in saying Africa’s economic blueprint is projected to catalyse sustainable growth, urging India to embrace this emerging single market by investing in Zimbabwe and Africa.

He further spelt out the investment opportunities that exist in Zimbabwe’s energy sector as Harare and New Delhi are already in partnership in the ongoing Deka Pipeline, Bulawayo Thermal Power Station Retooling and the Hwange Units one to six (1-6) resuscitation.

Information, Publicity and Broadcasting Services Minister Senator Monica Mutsvangwa said the conclave also presents opportunities for increased direct investment.

Zimbabwe is participating at the conference and exhibiting under the theme: “Visit, Invest and Trade Zimbabwe” which resonates with the government mantra “Zimbabwe is Open for Business”.