7 February 2013

Zimbabwe: Indian Diamond Investors in Zim

A DELEGATION from the Confederation of Indian Industry is in Zimbabwe to explore opportunities in diamond trade. The delegation yesterday met Mines and Mining Development Minister Dr Obert Mpofu at his offices in Harare and pleaded for increased diamond trade between the two countries.

"We should have more business . . . we request to have some business directly from your mining companies. Tell us how we should proceed and work hand-in-hand," said Mr Anup Zaveri.

Mr Zaveri is from India's Gem and Jewellery Export Promotion Council. Minister Mpofu said the visit by the delegation was encouraging.

He said Government was willing to grant the Indians investment opportunities in Zimbabwe. The minister said India played a critical role when Government sought certification for its Chiadzwa diamonds from the Kimberley Process Certification Scheme.

"India stood with us. We are looking beyond just trading in diamonds. We also expect India to invest in diamond mining," Minister Mpofu said.

He said Government was willing and committed to allow friendly countries like India, China and Russia to participate fully in the country's economic development and mining was one such an area open for investment.

"We as Government welcome Indian investment in the country. We know India is interested in diamond cutting and polishing but we are saying go beyond that," Minister Mpofu said. The visiting delegation, however, indicated that they had no experience in diamond mining. They said they were more interested in boosting diamond trade between the two countries.

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