- India and Zimbabwe agreed to work for early conclusion and ratification of the Bilateral Investment Protection Agreement (BIPA) to make it operational at the earliest for the benefit of both the countries.
- Commerce Minister said BIPA will provide a fillip to Indian investors seeking to enter Zimbabwe.
- He expressed appreciation over the 54 per cent stake taken by Essar Africa Holdings in Zimbabwe Iron and Steel Company (ZISCO); which would be the largest Indian investment in Zimbabwe. He noted the possibilities in cooperation in science and technology between India and Zimbabwe, particularly in appropriate technologies in agriculture, agro-processing and renewable energy.
- India carries special interest with Zimbabwe in mining, power generation, railways, ICT and agricultural sector.
Wednesday, March 30, 2011
India-Zimbabwe to work for early conclusion of BIPA
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