Update: Sep 27, 2021 11:37 AM STI
New Delhi [India], September 27 (ANI / SRV Media): Indian Economic Trade Organization with the India Africa Business Council hosted the INDIA TANZANIA SUMMIT 2021 at the Federation of Indian Exporters Organizations (FIEO) in New Delhi on September 21, 2021. The event focused on building and strengthening trade relations between India and Tanzania.
The summit was inaugurated by the High Commissioner of Tanzania to India His Excellency Baraka Haran Luvanda, Amararam Gurjar, IFS, Director of the East and South Africa Division (E&SA), Ministry of Foreign Affairs, Dr J. Shrenik Nahar , Tanzania Trade Commissioner, India-Africa Trade Council and Varun Jain, Chairman of India-Africa Trade Council (AfCFTA) as well as President of Indian Economic Trade Organization, Dr Asif Iqbal. He added, “India is attracting huge interest as African countries view India and Tanzania as the center of investment, an emerging region with great potential for multilateral trade opportunities through its friendly trade policy. The India-Africa Business Council will also take the multisectoral delegation to Tanzania in November covering the areas of agribusiness, IT development, healthcare with a focus on oncology, teleradiology, artificial intelligence and Skill developpement.”
The Tanzanian high commissioner has offered to facilitate Indian businessmen wishing to do business in Tanzania. The IATC commissioner’s offices in Tanzania are expected to work directly with various ministries in Tanzania and the high commission in New Delhi. They will also bring investment opportunities in Tanzania to places like Hyderabad, Chennai, Bangalore and Hyderabad, Vishakapatnam, Raipur, Jaipur, ”said Dr J. Shrenik Nahar, Tanzania Trade Commissioner at India-Africa Business Council.
“The African region and India will be at the top of our priorities in accordance with the Prime Minister’s vision, India will continue to intensify and deepen our engagement with Tanzania which will be sustained and regular. Our development partnerships will be guided. by Tanzanian priorities. and we will build as much local capacity and create as many local opportunities as possible. We will make trade with Tanzania easier and more attractive. We will support our industries to collaborate with Tanzania, “said the President of Indian Economic Trade Organization (IETO) Dr Asif Iqbal at the inauguration.
“My goal is to forge stronger multilateral relationships and reach new heights between Indian business and Tanzania which is a huge market and I will focus on the neighboring region which includes neighboring countries in the region with huge population. NRI and we will explore the opportunities in a structured way, as our company NV Beverages has a strong market in the region and we will be supplying our drinks in this country, ”said Varun Jain, Chairman of India-Africa Business Council.
“The urgency of the coronavirus pandemic has plunged the global economy into recession in 2020 and the pace of the recovery remains uncertain. However, economic cooperation between India and Tanzania remains largely focused on areas such as manufacturing, food and nutrition security, affordable health care and housing. Other critical areas include energy, mining, infrastructure, human resources, services, agriculture, mining, telecommunications, transport and tourism. These remain crucial to achieve the desired economic development of our two countries, ”said the High Commissioner of Tanzania to India, His Excellency Baraka Haran Luvanda.
A special edition of the DIPLOMATIST on TANZANIA was launched at the event and it reflected the importance of an exclusive partnership between India and Tanzania.
“Tanzania and India have traditionally enjoyed close, friendly and cooperative relations. From the 1960s to the 1980s, the political relationship involved shared commitments to anti-colonialism, non-alignment as well as the desire for South-South cooperation. and close cooperation in international forums, ”said Ruchita Beri, senior partner and coordinator of the center for Africa.
Prime Minister Narendra Modi paid a state visit to Tanzania from July 9-10, 2016. He met with the President of Tanzania, Dr John Pombe Joseph Magufuli for bilateral talks after a welcoming ceremony and spoke with Solar Mamas and the Indian community. During the visit, the following MOUs / Agreements were signed:
(i) Memorandum of Understanding on cooperation in the field of water resources management and development;
(ii) Agreement on a joint action plan between the National Small Industries Corporation of
India and the Tanzania Small Industries Development Organization;
(iii) Visa Waiver Agreement for Diplomatic / Official Passport Holders (entered into force in
(iv) the memorandum of understanding for the creation of a vocational training center in Zanzibar;
(v) $ 92 million line of credit for the rehabilitation and improvement of water supply
system in Zanzibar.
In addition, the Indian delegation to Tanzania will visit in November and focus on strengthening existing partnerships for deeper engagement.
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