Online Reporter
Michael Tome
Business Reporter
Government is stepping up efforts to deepen cooperation with India across several strategic areas, including trade, investment and technology, as the two nations move to unlock new economic opportunities.
This was revealed by Deputy Minister of Industry and Commerce, Raj Modi, at the inaugural Hybrid Interactive Seminar on Enhancing India –Zimbabwe Trade and Investment Cooperation, held in Harare.
The event was organised by the Embassy of India in partnership with Zimbabwe Investment and Development Agency (ZIDA), ZimTrade, Zimbabwe National Chamber of Commerce, Confederation of Zimbabwe Industries, and SME chambers, and brought together leading industrial players from both countries.
It also featured the Federation of Indian Export Organisations (FIEO), one of India’s most influential export organisations, whose members have played a significant role in transforming India’s global trade position.
India remains one of Zimbabwe’s most important economic partners, with cumulative investments exceeding US$600 million and supporting more than 15 000 direct and indirect jobs.
Zimbabwe’s exports to India surged to US$46,9 million in 2024, up from just US$10,4 million in 2022, driven by tobacco, agricultural produce and mineral shipments.
India’s exports to Zimbabwe stood at US$189,6 million in 2023, led by pharmaceuticals, cereals, machinery, plastics and vehicles.
Deputy Minister Modi said the objective was now to broaden this engagement in support of the national vision.
