Botswana invites Indian cos to invest
Botswana, on Thursday, sought investment from Indian companies in sectors like infrastructure, mining, irrigation and jewellery.business Updated: Jun 17, 2010 19:45 IST
Botswana, on Thursday, sought investment from Indian companies in sectors like infrastructure, mining, irrigation and jewellery.
"Both the nations can collaborate in areas like irrigation, infrastructure and mining. We have huge infrastructure progress in the country and there is a lot of scope for cooperation," visiting Botswana Vice-President MS Merafhe said here.
India also has excellent irrigation scheme. "We are trying to benchmark with you to see how we can borrow few ideas as to how you do it," he added.
Merafhe stressed on the need to increase trade and investment levels between the two nations.
"...It is a wake up call for us to put more emphasis on exploring and utilising these opportunities to their full potential," he said.
During 2008-09, bilateral trade between the two countries stood at $ 46.62 million.
India's National Small Industries Corporation and the Local Enterprise Authority in Botswana have signed an agreement to facilitate cooperation between small scale enterprises in both nations.
During his visit, the Vice-President will open the Botswana Export Development and Investment Authority's (BEDIA) liaison office in Mumbai, which will serve as a one-stop information centre for enquiries on trade and investment in Botswana.
BEDIA is an autonomous private sector-led organisation to encourage, promote and facilitate the establishment of export-oriented enterprises and selected services.