Indian investors meet players in the mining industry

By ZBC Reporter
THE visiting Indian business delegation has pledged to utilise technological prowess to transform the country’s mining sector in pursuit of a 12 billion United States dollar mining economy by the year 2023.
Day six of their investment tour saw the Indian business delegation engaging stakeholders in the mining sector in a meeting organised by the Zimbabwe’s Miners Federation.
Head of delegation, Mr Asif Iqbal underscored the need for smart partnerships to transform the country’s mining sector.
“We are happy that Zimbabwe has got some school of mines just like India and we are planning to create exchange programs where local small scale miners can go to India to learn of new mining technologies which can help transform this economy,” he said.
The Zimbabwe Mining Federation welcomed the business delegation given that India is one of the biggest market for mineral commodities.
“India buys a lot of gold and Zimbabwe’s rich gold deposits are an attraction to Indian investors hence we seek to create synergies which transform our own Industry,” said Ms Henrietta Rushwaya, Chairperson of the Zimbabwe Miners Federation (ZMF).
Invited stakeholders were impressed after creating relationships with the business contingent.
“We seek to utilise ZMF platform to help us create synergies with Indian investors in the lithium mining sector,” said one player in mining sector.
“India has a developed diamond cutting industry and their expertise is key in developing the local diamond cutting sector in terms of value addition,” said another.
The Indian business delegation is expected to sign several memoranda of understanding with various business organisations at an event pencilled for this Wednesday.

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