In a significant economic diplomacy initiative, Zimbabwe embassy headed by the Ambassador of Zimbabwe Her Excellency Ms. Stella Nkomo visited the economic capital Mumbai and initiated dialogues with various companies on October 16, 2024, marking a milestone in bilateral relations between Zimbabwe and the state of Maharastra. This development not only strengthens economic ties but also opens up a plethora of potential business opportunities between the two sides.
The economy of the state of Maharashtra is the largest in India. Maharashtra is India’s second most industrialised state contributing 20% of national industrial output. Almost 46% of the GSDP is contributed by industry. Maharashtra has software parks in many cities around the state, and is the second largest exporter of software with annual exports over ₹ 80,000 crores.
Bliss GVS is a fast-growing Pharmaceutical Company with a proven track record of developing, manufacturing and marketing high quality pharmaceutical formulations at affordable prices for the global market. We are a public limited company listed on India’s National Stock Exchange and Bombay Stock Exchange with more than three decades of industry expertise. Bliss GVS is proud of its segment leadership in Anti-malarial products across most African markets. Their brands cover an extensive range of Artemisinin-based combination formulations across various dosage forms of Tablets, Suspensions, Suppositories and Injections.
The Ambassador of Republic of Zimbabwe Her Excellency Ms.Stella Nkomo addressed the India Zimbabwe business interaction with various companies, investors and the private sector in Mumbai.
HE Ms Stella was the Deputy CEO of the Zimbabwe International Trade Fair (ZITF) and can understand the needs of the investor community in India better than anyone else to drive prospective businessmen to Zimbabwe.
“Zimbabwe is currently at the midpoint of implementing the National Development Strategy and in the journey towards Vision 2030. They are continuously taking stock of the achievements with a view of presenting the opportunities where necessary. In doing so, we in ZITC rely on both private sector and MSMEs in India including from development partners like ZITC. It provides us with useful connections that will shape our next course of action,” said Dr Asif Iqbal, President of the Indian Economic Trade Organization.
Zimbabwe’s economic growth rate will more than double next year as the country recovers from a devastating drought and benefits from rising manufacturing activity, according to government estimates.
Gross domestic product will probably expand 6.5% in 2025, from an estimate of 2% this year, the Ministry of Finance, Economic Development and Investment Promotion said in a policy paper.
Delegation of Indian businessmen is expected to visit Zimbabwe in December this year to collaborate on further opportunities of interest to Indian investors.
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