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Business Forum consolidates business partnerships between Mozambique and India
3:14 CAT | 15 Dec 2020
Photo courtesy: CTA
The Mozambique-India Business and Investment Forum, held this Monday with the aim of promoting investment opportunities, served to consolidate business partnerships between the two countries.
The forum brought together Mozambican and Indian businesspeople from different sectors, with a highlight on the production of intermediate dyes, cosmetics and personal care products, special chemicals and essential oils, and provided an opportunity to participate in business-to-business (B2B) sessions, establish joint ventures and exhibit companies’ brands and products.
Chairman of the Mozambican Business Confederation Agostinho Vuma said that the search for partnerships is an imperative for national companies, and the only way for Mozambique to secure the investment needed to avoid the collapse of Mozambican companies, while at the same time working to diversify the economy and take advantage of the various opportunities that the country offers.
High Commission of India in collaboration with Mozambique Chamber of Commerce and Industry (CTA) and CHEMEXCIL , India, organized a first ever virtual conference between India and Mozambique on Chemical Sector on 14th December 2020.@MEAIndia @DoC_GoI @chemexcil @CTA__Official pic.twitter.com/9Jt9AVB71h
— India in Mozambique (@IndiainMoz) December 15, 2020
The Minister of Industry and Commerce of Mozambique, Carlos Mesquita, urged the national business community to take the maximum advantage of India’s leading position in the technological, industrial, and infrastructure domains.
Also read: Trade between Mozambique and India: There is potential for diversification – minister
In his speech, the High Commissioner of India in Mozambique, Rajeev Kumar, said that Indian businesspeople are interested in increasing and diversifying their investments in Mozambique, which currently stand at US$124,373,050, with 19,003 jobs created for nationals.
Also read: 25% of India’s total investment in Africa came to Mozambique: More than US$8 billion
India has been one of Mozambique’s most significant trading partners, occupying second place in 2018 with foreign trade with Mozambique estimated at around US$1,882 billion, 76% of which represented exports from Mozambique to India.
Chairman Chemexcil Shri Ajay Kadakia says India enjoys warm and substantive ties with Mozambique during inaugural of virtual buyer seller meet of Chemicals organized by CHEMEXCIL with active support of HCI, Maputo Mozambique, Mozambique Chamber of Commerce & Industry and CTA pic.twitter.com/XDCBGVAHUZ
— CHEMEXCIL (@chemexcil) December 14, 2020
Source: Mozambican Business Confederation - CTA / Press Release
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