Mozambique: Minister of Economy meets business mission from Ukraine
Government wants to attract Indian investment in Mozambican agriculture
12:12 CAT | 28 Mar 2017
Diário de Moçambique / Deputy minister of Industry and Trade of Mozambique, Ragendra de Souza
On Monday morning, the Deputy Minister of Industry and Commerce, Ragendra de Sousa, invited Indian businesspeople to invest in Mozambique, especially in the area of agriculture, in the hope of increasing agricultural production and fighting hunger and poverty.
De Sousa, who was speaking at the Mozambique-India Business Forum organised by the Confederation of Economic Associations (CTA) in Maputo, said that the challenge was to find partnerships with Indian entrepreneurs to develop projects aligned with the government’s priorities in agriculture, a sector with enormous potential and in which India has considerable expertise.
“We will pay special attention to agriculture. It is a priority area for the Mozambican government led by President Nyusi. By investing in agriculture we will be fighting hunger, in addition to generating more jobs and fighting absolute poverty,” he said, adding that tourism and energy also warranted the Indians’ attention.
Between 2005 and 2015, India invested about US$1.6 billion in Mozambique. Most of this investment was channelled to coal and mineral resources, but the intention is to further increase the value of agricultural exports through investments in agri-processing.
“We draw inspiration from the Indian experience – once an exporter of raw materials and today an exporter of manufactured goods,” the deputy minister concluded.
The Mozambique-India Business Forum aims to mobilise partnerships for investment in various areas and skills transfer in Mozambique’s favour.
Source: Diário de Moçambique
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