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Mukudzei Chingwere in SURAT, India
ZIMBABWE’S strategic location at the heart of Southern Africa, coupled with growing logistics and transport infrastructure, makes it the natural gateway to the African Continental Free Trade Area, which is a unified market of 1,4 billion people, Vice President Dr Constantino Chiwenga has said.
VP Chiwenga was speaking at the inaugural Southern Gujarat Chamber of Commerce and Industry-Chalo Zimbabwe (Let’s Go to Zimbabwe) Trade and Investment Forum organised by the chamber. The VP is here primarily for the Africa Conclave on India-Africa Partnership, which is organised by the Confederation of Indian Industry as part of efforts by the world’s fourth-largest economy to scout for opportunities on the African continent.
With Zimbabwe attracting global attention, thanks to President Mnangagwa’s diplomatic charm offensive, VP Chiwenga has had to attend an investment conference organised for Zimbabwe ahead of the conclave.
“Zimbabwe is on an irreversible path to becoming an empowered upper middle-income economy,” said VP Chiwenga.
“We are driving reforms anchored in industrialisation, value addition, beneficiation and economic diversification.
“With a wealth of natural resources, a youthful and skilled workforce and preferential access to regional markets, Zimbabwe offers itself as a compelling investment destination.
“Since establishing relations in the historic yesteryears, Zimbabwe and India have nurtured a strong and enduring partnership built on mutual respect and shared prosperity.
“Zimbabwe’s strategic location at the heart of Southern Africa, coupled with growing logistics and transport infrastructure, makes it the natural gateway to the African Continental Free Trade Area, a unified market of 1,4 billion people and a GDP (gross domestic product) exceeding US$3,4 trillion. For Indian investors, this is not just an entry point; it is an opportunity to leverage economies of scale and integrate into global supply chains through Africa.”
Over 25 Indian-owned companies, VP Chiwenga said, already operate successfully in Zimbabwe, including Surface Wilmar Investments and Varun Beverages.
“These are examples of what is possible when we work together,” he said.
He invited Indian investors to consider high-impact sectors that align with global trends, saying Zimbabwe’s growth priorities are mining and mineral value addition, agriculture and agro-processing, textile and cotton value chain, pharmaceutical manufacturing, renewable energy, tourism and ICT, among others.
“The message is clear: Zimbabwe is ready for investment, partnership and shared prosperity,” added VP Chiwenga.
“Let Chalo Zimbabwe be the catalyst for a new era of trade and economic collaboration between Zimbabwe and India.
“Together, we can build resilient value chains, unlock innovation-driven growth and create sustainable wealth for future generations.” President of the Gujarat Chamber of Commerce and Industry Mr Nikhil Madrasi said the business community here has been impressed by the Vice President’s pitch and are willing to partner Zimbabwe.
“Our membership is enthusiastic about coming to Zimbabwe,” said Mr Madrasi.
“Many businesses here have been inspired by the positive trajectory outlined by Vice President Chiwenga and are eager to participate in Zimbabwe’s developmental strategy.
“We look forward to partnering for mutual growth and success.”
Industry and Commerce Deputy Minister Raj Modi emphasised that Zimbabwe was angling for partnerships in value addition to revive the manufacturing sector.
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