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Long term relation with Tanzania for importing raw materials likely

May '07
Shri Jairam Ramesh, Minister of State for Commerce, co-chaired the Second Meeting of the Joint Trade Committee (JTC) between India and Tanzania along with the Tanzanian Minister of Industry, Trade and Marketing, Mr. Basil P Mramba, here this afternoon and underlined India's desire for further expansion and diversification of bilateral trade and investment with Tanzania.

Shri Ramesh highlighted that mutually beneficial engagement between India and Tanzania was possible in several areas and valued Tanzania as an important destination for India's increasing requirements of gold and rough diamonds, cashew, leather etc.

"Indian would like to forge a Long-Term relationship with Tanzania with regards to sourcing of raw materials while looking to cooperate with Tanzania to help it move towards value added production and manufacturing”, he said. The Minister also offered India's help in the field of training, HRD and skill development.

Mr. Basil P Mramba hoped that the Indian companies would invest more in Tanzania and highlighted areas such as power, leather, horticulture and infrastructure etc. where Indian investments could benefit Tanzania.

Tanzanian side also requested India to assist in the preparation of a feasibility study for the establishment of a cyber city in Kilimanjaro International Airport (KIA) area (Arusha Cybercity) following which India has agreed to provide technical support for preparation of a feasibility report.

Meanwhile, during the discussions, Shri Jairam Ramesh offered to lead a multi-sectoral delegation to Tanzania in August 2007 to look at the different opportunities between two countries and to take concrete and timely steps for entering into mutually beneficial economic projects.

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