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Namibia-India should intensify strategic alliances – Tweya

Namibia-India should intensify strategic alliances – Tweya

Minister of Industrialisation, Trade and SME Development, Tjekero Tweya while representing Namibia and SADC at the 9th Vibrant Gujarat Global Summit said India and Namibia’s bilateral relations should intensify alliances in order to yield strategic outcomes fast-tracking industrialisation and prosperity.

Tweya spoke at the inaugural plenary session on 18 January and highlighted that Indian companies have invested in the Namibia through sectors such as mining, infrastructure development, agriculture and manufacturing, adding that Namibia’s bilateral trade recorded a steady increase over the past years.

“We have adopted the Special Economic Zones policy which offers great incentives for foreign direct investment; and we invite potential investors to come and explore investment opportunities in Namibia. We have peace and tranquility, we have high regard for our rule of law; we have plenty of State Land to offer investors in sectors such as energy, manufacturing, health, tourism, agro-processing, blue-economy, amongst others,” Tweya told attendees at the summit.

On the sidelines of the Summit, prominent Indian companies were also exploring opportunities for promotion of investment and trade between the two countries.

The summit was held on 18 to 20 January at Gandhinagar in the State of Gujarat and is a biennial event, which has evolved into one of the most reputed forums in the world for brainstorming on agendas of global socio-economic development, as well as a facilitator for knowledge sharing and forging effective partnerships.


 

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