Karnataka - Bangalore   

Zimbabwe looks to India for technology transfer

Special Correspondent

Bangalore: Zimbabwe, the first country in Africa to promote a "Look East Policy", hopes to exponentially increase its trade with Asian countries. It is looking for joint ventures and technology transfer from India in areas like mineral exploration, heavy equipment, high-end fertilisers, pesticides and industrial chemicals.

Phineas Chihota, Zimbabwe's Deputy Minister for Industry and International Trade, who is leading a 14-member trade delegation at the "The Partnership Summit 2007" organised by the Confederation of Indian Industry, said that his Government's efforts were to "promote and increase" business ties with Indian companies.

"The main pillar of Zimbabwe's economy is agriculture and we urgently need critical investment in this area, especially for agricultural equipment. We are looking for joint venture partnerships in areas like extraction of minerals. We have the minerals but not the skills or technology to extract them. We want the technology. India is both technologically strong and very competitive," the Deputy Minister said.

According to CII sources while exports from India to Zimbabwe in 2003-04 totalled $ 23.49 million, imports were to the order of $ 16.35 million.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

State seeks power from surplus quota
Greater Bangalore, but higher tax?
Green canopy for Anjanapura
Technology parks to come up in Mangalore, Mysore, Belgaum
Wow, what an engagement!
Residents join hands to revive memorial
Four die as bus, tanker collide
Police asked to produce Venkatesh
Day 2: another VIP at Wipro
Kumaraswamy firm on Bidadi township
`Penalise, but don't close schools violating policy'
Zimbabwe looks to India for technology transfer
Private colleges to conduct separate entrance test
Extension of Imran's custody may be sought
`49.5 lakh children ready for egg in meal scheme'
Renewal of slum on the cards
Traffic curbs
Good tidings for anganwadi workers
Around the City
In Bangalore Today

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu