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2014-02-05

India, Zimbabwe to enhance ties for better SME cooperation

India and Zimbabwe have decided to further enhance their cooperation in the priority sectors of cooperation namely, pharmaceuticals, infrastructure, SMEs, informed the Ministry of Commerce & Industry.

India and Zimbabwe have decided to further enhance their cooperation in the priority sectors of cooperation namely, pharmaceuticals, infrastructure, health sector, small and medium enterprises (SMEs), informed the Ministry of Commerce & Industry.

 

"India's commitment to deepen and diversify the trade and investment ties between India and Zimbabwe," said the Union Minister of Commerce & Industry Anand Sharma, during a bilateral meeting of with Joice T R Mujuru, Vice President of Zimbabwe and Michael Bimha, Industry and Commerce Minister of Zimbabwe, in Harare.

 

During the discussions, it was also decided to speed up the implementation of various projects being executed under the India-Africa Forum Summit Programme, which include a Food Testing Laboratory, a Rural Training Park and a Vocational Training Centre.

 

India is mulling to set up an FTL in Zimbabwe at an approximate cost of $2 million under the India-Africa Forum Summit-II. Under the IAFS-II, India is in the process of setting up Rural Technology Park in and a Vocational Training Centre (VTC)/Incubation Centre.

 

The Indian Minister offered India's full assistance in implementing the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZIMASSET) programme in the areas of infrastructure, agriculture, food production, mining, capacity development.

 

India exports drugs, pharmaceuticals & chemicals, machinery and instruments, electronic goods and plastic & linoleum products as major commodities to Zimbabwe. Zimbabwe, on the other hand exports cotton, tea, non-ferrous metals and spices to India as principal commodities, it added.

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