 "A delegation from Botswana at CII event in Mumbai")
Botswana has urged Indian companies to invest in sectors such as agriculture, automotive, manufacturing, mining, FMCG, logistics, etc as the country provides favourable investment climate for investors. “Botswana has significant opportunities that can be and should be exploited by corporate India for the mutual benefit,” said Mokgweetsi Masisi, Vice President of Botswana, at a session on ‘Invest in Botswana’ organised by Confederation of Indian Industry (CII) in Mumbai on October 27, 2015.
Masisi emphasised, “As a market-led economy, Botswana’s key objective is to provide a favourable investment climate to investors which can nurture sustainable economic growth and diversification through the maintenance of a stable macro-economic environment. Botswana is pertinent to business environment and known for its sound legal system and adherence to the rule of law, political stability, and peaceful relations with our neighbours.”
Botswana claims to have one of the fastest growth rates in per capita income in the world, thus offering huge opportunities for Indian businesses. Lesego Motsumi, High Commissioner of Botswana to India, said, “It was necessary to organise this session in India’s financial and industrial capital - Mumbai and bringing together industrialists from Botswana and India to discuss the trade and investment opportunities between the two countries.”
According to Sunil Khanna, vice chairman, CII Maharashtra State Council, economic relations with Botswana have grown many-fold since diplomatic relations between the two countries which was first properly established in 1966, immediately after Botswana’s independence. “India’s relation being close and cordial with Botswana, it’s necessary to strengthen the economic ties further helping businesses at either side to capitalise the immense growth opportunities and CII has been playing an important role in creating business investment opportunities between the two countries,” said Khanna.
To give further boost to trade and business between the two countries, CII is organising a business delegation to Botswana in the first week of December 2015 with an objective to expose the Indian companies to investment opportunities in the African nation.
