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Botswana seeks investments from India in the priority sectors of the economy

29 Oct 2015 Evaluate

Republic of Botswana Vice President Mokgweetsi E Masisi has sought investments from India in the priority sectors of the economy. This sector includes information and communications technology (ICT), diamond, agriculture, mining and energy. He further stated that 'Our goal is to attract as diversified a number of Indian investors and entrepreneurs as is appropriate for our priority sectors of the economy as possible so as to meet the economic impetus by investors in India'.

Masisi further said that there is huge opportunity for India to invest in diamond sector as it wants to finalise a developing diamond institute in Botswana with the support of India. He added that there are various investment opportunities in diamond sector in ancillary support services like banking, security, insurance, certification and brokerage services.

Furthermore he said that is also keen on investment in the ICT sector which is a key sector and provides huge investment opportunities in our country and will help every other sector, including infrastructure, energy, among others. On agriculture sector he said it is  another sector in which Botswana is seeking Indian investments, especially technology  for irrigation and better agricultural practices for better yields in order to become self sufficient. Botswana imports most agricultural produce to meet the needs of the country. From India it imports tea, coffee, live trees, cut flowers, roots, spices, bulbs, among others. He also said that, he will also promote Southern African Development Community (SADC) as a strategic investment destination for Indian investors during his four-day visit to India.

 

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