Government body Federation of Indian Chambers of Commerce & Industry (FICCI) has organised 'India-Tanzania Business Forum' on Wednesday to boost trade and investment relations between India and Tanzania.
Minister for Industry, Trade and Investment, Tanzania Charles Mwijage proposed that a special business forum could be organized in Tanzania for 10-days where Indian industry could visit sites and move around Tanzania and then take a call regarding setting up their business in the country.
"Discussions were being held with the Tanzanian delegation with respect to a bilateral investment treaty, easier visa regime for business travelers from India to Tanzania and technology transfer," said Joint Secretary, Ministry of Commerce and Industry, Manoj Dwivedi.
"Tanzanian government should urge its industry to prepare good projects that can be taken up by Indian investors," he added.
Tanzania with peace and political stability, strategic location, attractive investment regime, investment incentives and guarantees, abundance of natural resources, high growth potential, memberships of bilateral trade agreements, export processing and special economic zones, and leisure destinations, offered immense potential for trade and investment.
Dr. A. Didar Singh, Secretary General, FICCI and Dr Samuel Nyantahe, Chairman, Confederation of Tanzania Industries (CTI), also shared their perspectives on ways to boosting trade and investment between India and Tanzania.
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