Roundtable on investment opportunities for Nepalis in Zimbabwe

- Post Report, Kathmandu

Jul 17, 2018-

Asian Institute of Diplomacy and International Affairs (AIDIA) on Tuesday hosted a round table meeting on Trade, Business and Investment Opportunities for Nepalis in Zimbabwe. 

At the event held to welcome Ambassador Republic of Zimbabwe to India Maxwell Ranga in Kathmandu, Managing Director of Nepal Overseas Co. Pvt. Ltd, Pawan Kumar Agrawal, in his welcome remarks highlighted the similarities between Nepal and Zimbabwe stating that both countries are landlocked, agriculture based and rich in natural resources.

He said that Nepalis can explore business in different sectors like mining, agriculture and tourism industry. He said the ambassador’s visit will enhance the bilateral relations between Nepal and Zimbabwe.   

Envoy Ranga while delivering his keynote speech talked about the opportunities of investment in Zimbabwe. He said that Zimbabwe is a country of unlimited resources and is centre of the most of the African countries and is well connected to all of them. 

According to a AIDIA statement, Range highlighted the sectoral opportunities of investment in mining, manufacture, agro-based industries, meat processing, chemical manufacture, hydropower and renewable energy, agriculture,  infrastructure development, health and pharmaceuticals, transport, ICT, tourism etc.

Ambassador Ranga said that mining is the most attractive investment in Zimbabwe. “Recently lithium has been discovered in Zimbabwe which makes this sector more attractive to the investors,” the statement quoted him. He also said Zimbabwe is looking for investors in manufacturing sectors like textile and in agriculture sector. He assured that Zimbabwe is a safe destination for investors. 

He shared the bitter past of Zimbabwe when colonised by British and the sanctions by the Europeans.  “Now, we started growing on our own with the support of Eastern countries like China, India, Russia breaking the isolationism,” he added.  He concluded his speech by urging the investors of Nepal to come and invest in Zimbabwe. 

In his special remarks, Former Minister of Environment, Science and Technology Ganesh Shah said Zimbabwe has the comparative advantage in mining with the discovery of Lithium. He said Nepal and Zimbabwe can collaborate in three most important sectors mining, tourism and energy specifically renewable energy.  

Meanwhile, Sunil KC, CEO of AIDIA said the AIDIA has been facilitating this kind of meeting between the business community of Nepal and different foreign diplomatic missions that helps to strengthen the trade, business and investment activities between the countries.    

Published: 17-07-2018 18:04

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