Story by Patience Nyagato
INDIA says Zimbabwe can take a leaf from its industrialisation journey which was characterised by transformation from being a poor country to becoming one of the fastest growing economies in the world.
After gaining independence in the 1940s, India has been implementing a number of strategies chief among them is the ‘Make in India’ system, credited for transforming the Asian country into a manufacturing hub.
Addressing students at the Zimbabwe National Defense University in Harare this Tuesday, the Indian Ambassador to Zimbabwe, His Excellency Bramha Kumar highlighted some of his country’s key policies.
“I spoke about the difficulties of India during the 90s and the economic crisis that was addressed through liberalisation. India reduced its control over industries, public sector was disinvested and the private sector participated more in economic development. The public sector was not allowed to have monopoly of every sector, this gave rise to new industries that saw Indian brands like Tata Motors and Mahindra competing with foreign companies.”
The Ambassador added that India is committed to strengthening trade and investment ties with Zimbabwe.
“We encourage Indian investment in Zimbabwe in manufacturing and mining. We need to activate our channels more and enhance bilateral trade between the two countries.”
It also emerged that technical education is an integral part of industrialisation and technological development.
