India–Zimbabwe economic ties deepen
..as trade and investment drive gains momentum
STAFF WRITER
Zimbabwe is intensifying its push to strengthen economic co-operation with India across strategic sectors, including trade, investment and technology, as Harare seeks to unlock deeper commercial opportunities with one of its fastest-growing partners.
This was revealed by Deputy Minister of Industry and Commerce, Raj Modi, during the inaugural Hybrid Interactive Seminar on Enhancing India–Zimbabwe Trade and Investment Co-operation held in Harare.
Organised by the Embassy of India in collaboration with the Zimbabwe Investment and Development Agency (ZIDA), ZimTrade, the Zimbabwe National Chamber of Commerce, the Confederation of Zimbabwe Industries and SME chambers, the event brought together leading industry players from both countries.
It also featured the Federation of Indian Export Organisations (FIEO), one of India’s largest and most influential export bodies.
India remains one of Zimbabwe’s key economic partners, with cumulative investments surpassing US$600 million and supporting more than 15 000 direct and indirect jobs.
Zimbabwe’s exports to India rose sharply to US$46,9 million in 2024, up from just US$10,4 million in 2022, driven by tobacco, agricultural produce and minerals. India’s exports to Zimbabwe stood at US$189,6 million in 2023, led by pharmaceuticals, cereals, machinery, plastics and vehicles.
Deputy Minister Modi said Zimbabwe’s objective is now to broaden and deepen this engagement in ways that support the country’s long-term economic vision.
“Building on our shared history and common aspirations, we seek to enhance co-operation with India across key areas of mutual interest,” he said. “International business co-operation is a key driver of our national objectives, and platforms like this seminar help Zimbabwe move closer to the targets of Vision 2030.”
He added that the drive is aligned with the Government’s National Development Strategy 2 (NDS2), which prioritises industrialisation, value addition, export growth and job creation.
