Africa-Press – Botswana. Since government has shown commitment to create a conducive environment for foreign investment, India based enterprises that have shown interest to set up here will boost economic diversification efforts and create jobs for Batswana, particularly the youth.
Speaking during the India-Botswana Business Conclave in Gaborone , Botswana high commissioner to India, Mr Gilbert Mangole highlighted the strategic collaboration between Botswana and India, noting that some businesses in India had shown keen interest, particularly in sectors such as agriculture, mining, pharmaceuticals and renewable energy.
“Our aim is to ensure that these investments translate into real opportunities on the ground, skills development, job creation and sustainable growth,” said Mr Mangole.
India high commissioner to Botswana, Mr Bharath Kumar Kuthathi marked Botswana as a priority partner in India’s engagement with Africa.
Mr Kuthathi said the two countries’ cooperation had evolved from development assistance to robust commercial partnerships, and that the conclave reflected that journey.
He stated that the strength of the economy of India and the promise of Botswana-India stood as the fifth largest economy in the world, growing at a rate of over seven per cent annually, and protected to be among the top three economies globally in the coming years.
With a large domestic market, a strong entrepreneurial ecosystem and a government committed to reforms and digital transformation, India offers expertise in innovation, scalability and inclusive development, Mr Kuthathi said.
He hailed Botswana as a shining example of stability, good governance and sound economic management in Africa whose rich natural resources, investor friendly policies and strategic location presented immense opportunities in sectors ranging from mining and manufacturing to agriculture, infrastructure, energy and ICT.
The conclave comes amid deepening economic cooperation between the two nations, driven by shared interest in trade, technology and development. India’s business leaders brought along by the Federation of Indian Chambers of Commerce and Industry (FCCI) for the conclave expressed optimism about Botswana’s investment climate, political stability, strategic location and investor friendly policies.
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