Lesotho Invites Indian Investments In Civil Aviation, Hospitality Among Others

PHD Chamber of Commerce and Industry organized an Interactive Session with High Commissioner of the Kingdom of Lesotho Mr. Bothata Tsikoane in which the Indian industry was called upon to invest in its core sectors such as civil aviation, hospitality, engineering, heavy engineering, environment and host of other such areas.

The High Commissioner stressed that Lesotho is a sensitive democracy with set of established rules and practices under which the overseas investments are protected with benign tax regime and virtually no corporate tax.

Its visa regime is extremely liberal and conducive and outside visitors are encouraged for transit visa within no time to explore the Lesotho which is a tiny kingdom with liberal social values, said Mr. Tsikoane.

According to him, the country is rich in diamond exports and India which has a fascination for such precious products could jointly explore its potential for third party exports.

The PHD Chamber was represented in the interactive session by its former Chairman International Affairs Committee for Africa Dr. J S Juneja and its Secretary General Mr. Saurabh Sanyal who in his vote of thanks paid rich tributes to the traditions and democratic values of the the Lesotho.

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