20 In­dian in­vestors to visit Zim­babwe

Chronicle (Zimbabwe) - - Front Page - Stan­ford Chi­wanga

A DEL­E­GA­TION of over 20 In­dian in­vestors is set to jet into Zim­babwe early next year to ex­plore in­vest­ment op­por­tu­ni­ties in all sec­tors of the econ­omy with spe­cial fo­cus on part­ner­ships that en­hance bi­lat­eral eco­nomic and trade ties between Zim­babwe and In­dia.

This was re­vealed on Wed­nes­day by Mr Satish Gandhi, the leader of the del­e­ga­tion that is ex­pected in the coun­try by March 2019. Mr Gandhi said the prospec­tive in­vestors were in­ter­ested in the con­struc­tion, in­fra­struc­ture de­vel­op­ment, phar­ma­ceu­ti­cals, tex­tile, tourism, min­ing, re­tail and other sec­tors that the Gov­ern­ment of Zim­babwe will avail to them.

“Maybe you think I am say­ing this be­cause I know (Raji) Modi or be­cause you think I think that is what you would like to hear. That is not it. We are very se­ri­ous, we are ready and we want to in­vest in Zim­babwe,” said Mr Gandhi.

“We could have come this year but we can­not be­cause we will be in the fes­tive pe­riod and I have to go back to Aus­tralia, where I stay. We do not want dis­trac­tions, so we will be in Zim­babwe early next year, prob­a­bly Fe­bru­ary or March.”

He added that most of the in­vestors have in­di­cated that they want to set up man­u­fac­tur­ing plants in Zim­babwe that would sup­ply prod­ucts to the rest of Africa.

“I have been fol­low­ing de­vel­op­ments in Zim­babwe and I know that the coun­try prefers in­vestors who will set up fac­to­ries there. Modi and I have been stress­ing that point to all the busi­ness peo­ple in­ter­ested in in­vest­ing in Zim­babwe and they are will­ing to do that,” said Mr Gandhi.

“But they have in­di­cated that they want to see if there is a mar­ket for their prod­ucts. That is the one of the rea­sons for the trip to Zim­babwe. But not all will man­u­fac­ture, some want to im­port prod­ucts to Zim­babwe and oth­ers want to ex­port to Zim­babwe. We want to do busi­ness with Zim­babwe. I think the first del­e­ga­tion we will bring will be of 20 plus peo­ple.”

He said some of the in­vestors who will visit have an in­ter­est in ex­plor­ing part­ner­ships with lo­cal busi­nesses as a way of en­sur­ing that they also thrive. The busi­ness peo­ple, who will be part of the del­e­ga­tion, will be from the In­dian ci­ties of Navsari and Surat.

“I am the one who made it pos­si­ble for the Deputy Min­is­ter (Raj Modi) to meet busi­ness peo­ple in Surat and Navsari. I or­gan­ised all those meet­ings and from the huge turnout you can tell your­self busi­ness peo­ple here are more than will­ing to be part of the Zim­bab­wean eco­nomic turn­around story,” said Mr Gandhi.

“The el­e­va­tion of Modi to the po­si­tion of Deputy Min­is­ter has ex­cited the whole of In­dia but es­pe­cially the peo­ple of Gu­jarat, where he was born and raised. Be­ing ap­pointed Deputy Min­is­ter has made In­dia re­alise that Zim­babwe is not a racist coun­try. Of course, I know it is a very racial tol­er­ant and peace­ful coun­try be­cause I have been there a num­ber of times but most peo­ple did not know that un­til now.”

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