A delegation of Indian businesspeople from various industries expressed their interest in exploring more business opportunities in the country’s strategic sectors, such as the pharmaceutical industry, energy, mining, agribusiness and others, in Maputo on Tuesday 25 March. The meeting was held during a Business Networking event, organised to strengthen commercial relations between the two countries.
According to Agência de Informação de Moçambique, India’s High Commissioner in the country, Robert Sheki Shetkintong, highlighted the importance of sharing experiences between the business sectors of India and Mozambique, reaffirming the commitment to facilitating bilateral relations and promoting a favourable business environment with mutual benefits. ‘This is the beginning of new partnerships and concrete opportunities for both countries,’ said Shetkintong, during his speech at the event.
The president of the Mozambican Chamber of Commerce (CCM), Álvaro Massingue, presented various opportunities that the country offers in strategic sectors, highlighting the areas with the greatest potential for the growth of the national economy and inclusive sustainable development. Massingue emphasised the need for structuring investments in the areas of pharmaceuticals, agribusiness, mining, industry and trade, which are essential for strengthening the national economy.
Massingue pointed out that the pharmaceutical sector represents a very important market, not only for guaranteeing access to essential medicines, but also for promoting local industrialisation and reducing import dependency. The country is therefore open to partnerships that enable the transfer of technologies, national production and the efficient distribution of health products.
This is the start of new partnerships and concrete opportunities for both countries
Another point highlighted was agribusiness, which continues to be one of the pillars of the economy. The head of CCM pointed out that the country has fertile land and a favourable climate, with more than 36 million hectares of land available for cultivation, but that there is a need for investment to modernise production, improve logistics and add value to agricultural products. ‘We need to make our products more competitive on the global market,’ he said.
With regard to the mining sector, the Mozambican President emphasised that the country has reserves of strategic minerals, such as coal, graphite, heavy sands and other resources of great importance. Mozambique is looking to attract more investment not only for the extraction of these resources, but also for their local transformation, generating jobs and promoting the development of associated infrastructures.
Massingue also stressed that industrialisation is a priority for the government, with the aim of diversifying the economy and strengthening the industrial park. Industrialisation is seen as an essential factor in reducing dependence on imports, stimulating innovation and expanding export capacity.
The president of the Mozambican Chamber of Commerce (CCM), Álvaro Massingue, presented various opportunities that the country offers in strategic sectors, highlighting the areas with the greatest potential for the growth of the national economy and inclusive sustainable development.Massingue emphasised the need for structuring investments in the areas of pharmaceuticals, agribusiness, mining, industry and trade, which are essential for strengthening the national economy.
The trade sector, in turn, is considered the backbone of economic connectivity between Mozambique and its international partners, with an expanding market and a strategic position in the SADC region. Massingue pointed out that the country has the potential to become a commercial centre of reference, especially with investments in infrastructure, logistics and the digitalisation of commercial processes.
The Business Networking event was attended by various authorities and businesspeople, including the director of the Project Management Division of the Agency for the Promotion of Investments and Exports (APIEX), Nuno Maposse; the Electrification Projects manager at Electricidade de Mozambican, Samuel Gazite; the general director of Zambezi Cluster, Antonie Brunet; and the president of the IBC (Indian Business Council), Ajay Kumar, among others.
