Interviews
Long term relation with Tanzania for importing raw materials likely
19 May '07
3 min read
The Tanzanian Minister welcomed Shri Ramesh's suggestion and the two sides will workout the details of the visit in due course. Meanwhile, BHEL has offered to set up two 125 MW gas or coal/oil based power plants in Tanzania and an agreement to this effect may be signed during the proposed visit. NTPC also offered to provide technical assistance to upgrade the efficiency of power plants in Tanzania and to train the Tanzanian technical personnel.
The Ministers noted the following potential growth areas for India-Tanzania business partnership:
Areas for India's exports - Pharmaceuticals, transport equipment, electrical machinery, construction material / machinery, textiles & garments, ICT hardware and software.
Project Exports from India: Development of IT and telecom systems, power generation gas, hydel as well as coal based, power transmission, construction roads, bridges, hospitals and infrastructure development, mining, agro-processing, gem cutting and polishing, educational services, railways.
Potential areas for imports by India: Cashew nuts, cotton, diamonds, and precious stones, timber. There would be potential for sourcing minerals like coal, iron ore, tin, tungsten, platinum, titanium vanadium, nickel, cobalt etc., from Tanzania when Mtwara corridor development project takes off.There are also possibilities of importing granites, marbles, graphite, gypsum and other industrial mineralsand Tanzania also has a significant untapped uranium reserves.
Two-way trade between India and Tanzania has more than doubled in the last five years having gone up from US $ 166 million in 2001-02 to almost US $ 360 in 2005-06.
The Ministers noted the following potential growth areas for India-Tanzania business partnership:
Areas for India's exports - Pharmaceuticals, transport equipment, electrical machinery, construction material / machinery, textiles & garments, ICT hardware and software.
Project Exports from India: Development of IT and telecom systems, power generation gas, hydel as well as coal based, power transmission, construction roads, bridges, hospitals and infrastructure development, mining, agro-processing, gem cutting and polishing, educational services, railways.
Potential areas for imports by India: Cashew nuts, cotton, diamonds, and precious stones, timber. There would be potential for sourcing minerals like coal, iron ore, tin, tungsten, platinum, titanium vanadium, nickel, cobalt etc., from Tanzania when Mtwara corridor development project takes off.There are also possibilities of importing granites, marbles, graphite, gypsum and other industrial mineralsand Tanzania also has a significant untapped uranium reserves.
Two-way trade between India and Tanzania has more than doubled in the last five years having gone up from US $ 166 million in 2001-02 to almost US $ 360 in 2005-06.
Press Information Bureau Government of India
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