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Indian investors explore business opportunities in Mozambique
2:48 CAT | 26 Mar 2025
The Chairman of the Chamber of Commerce of Mozambique, Álvaro Massingue, presented the opportunities that Mozambique offers in strategic sectors that can leverage the economy and promote inclusive sustainable development [Photo: AIM]
Indian entrepreneurs from various sectors expressed in Maputo yesterday an interest in exploring more business opportunities in the pharmaceutical, energy, mining, agribusiness and other sectors in Mozambique.
According to the Indian High Commissioner in Mozambique, Robert Sheki Shetkintong, the sharing of experiences between business sectors in India and Mozambique reaffirms the commitment to facilitating relations and promoting a favourable business environment with mutual benefits.
“This is the beginning of new partnerships and concrete opportunities for both countries,” Shetkintong said on Tuesday during a business roundtable in Maputo.
The Chairman of the Chamber of Commerce of Mozambique, Álvaro Massingue, presented the opportunities that Mozambique offers in strategic sectors that can leverage the economy and promote inclusive sustainable development.
“We reinforce the need for structural investments in all areas of our economy with a special focus on the pharmaceutical, agribusiness, mining, industrial and commercial sectors,” hMassinge said.
He explained that the pharmaceutical sector represents a highly relevant market, not only “to ensure access to essential medicines, but also to promote local industrialization and reduce dependence on imports”.
Mozambique is therefore open to partnerships that facilitate technology transfer and national production, and the efficient distribution of health products.
He stressed that agribusiness is one of the pillars of the Mozambican economy, guaranteeing food security and strengthening value chains.
“We have more than 36 million hectares of fertile land, a favourable climate and a growing market, but we need investments to modernize production, improve logistics and add value to our agricultural products, making them more competitive in the global market,” he said.
Regarding the mining sector, Massingue noted that the country has significant mineral reserves, including coal, graphite, heavy sands and other strategic resources.
“We intend to attract more investments that are not limited to the extraction of these resources, but also drive their local processing, generating employment and promoting the development of associated infrastructures,” he said.
The country has defined industrialization as a priority for the diversification of the economy, being an essential driving factor for the strengthening of the Mozambican industrial park, allowing it to reduce dependence on imports, stimulate innovation and increase export capacity.
The government and the private sector are committed to creating a favourable environment for the installation of new industries and the expansion of existing ones.
Massingue added that the commercial sector constitutes the backbone of economic connectivity between Mozambique and its international partners, with an expanding market and a strategic positioning in the SADC region.
Furthermore, Mozambique has the potential to become a reference commercial sector, especially with investments in infrastructure, logistics and the digitalization of commercial processes.
The’ Business Roundtable on Mozambique and India’ was attended by, among others, the Director of the Project Management Division of the Agency for Investment and Export Promotion (APIEX), Nuno Maposse; Electrification Project Manager and Electricity of Mozambique Projects, Samuel Gazite; the General Director of the Zambezi Cluster, Antonie Brunet; and the President of the Indian Business Council (IBC) in Mozambique, Ajay Kumar Verma.
Business Roundtable on Mozambique and India (25 March 2025)
Thank you @Chamber of Commerce of Mozambique for facilitating the event #IndiaMozambique
Ministry of External Affairs, Government of India pic.twitter.com/07gjizuPi6— India in Mozambique (@IndiainMoz) March 26, 2025
Source: AIM Moçambique
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