ITEC supports trade with Tanzania
Indian businesses were told to expect infrastructure and power projects over the next 2-3 years in Tanzania, trade relations with which are backed by Indian Technical and Economic Cooperation Programme (ITEC).
“In the next 2-3 years, there are a lot more infrastructure and power which we will do,” said the High Commissioner Sanjiv Kohli, pointing out that India has US$2.2 billion investment while commanding a share of 18% exports and 14% imports to Tanzania.
Also, port development, mining, pharmaceuticals and agri-processing remained the prospective sector of bilateral economic cooperation between both nations, he stressed.
“We will use our knowledge and strength so that we start-up to fill and support each other post covid-19,” he said.
Tanzania is one of the largest beneficiaries of India’s ITEC program, added Kohli, highlighting projects related to power, roads, and infrastructure.
Kohli highlighted the vibrant relationship between the two countries, calling on Indian businesses to exploit business opportunities post Covid-19.
Kohli addressed Indian businesses through a webinar on “India-Tanzania Business Promotion, Challenges and Opportunities – Post COVID-19” of the PHD Chamber of Commerce and Industry on 8 May 2020. The webinar was supported by Timberworkz.
Pradeep Multani, Vice President, PHD Chamber of Commerce and Industry, added Africa has remained the automatic choice for business in India.
He called on AYUSH and other traditional medicine sectors to explore the opportunity in various parts of Africa.
Vivek Agarwala, Chairman, International Affairs Committee for Africa, PHD Chamber, called on Indian businessmen to identify the areas of potential cooperation between both the nations, to capitalize on the same once things return to normal post the pandemic.
“PHD Chamber aims to foster international relations in social, cultural, and economic fields where enterprises, governments, and international organizations interact to promote and strengthen cooperation,” added Secretary-General Saurabh Sanyal.
Participants raised queries relating to tourism, banking & finance, Ayush, traditional medicine and skill development, during the discussion webinar session. fiinews.com
