“India and Tanzania are committed partners in progress and together we are poised to enhance collaboration across various sectors, fostering stronger bilateral trade and investment ties,” said Union Minister of Textiles Piyush Goyal while addressing the India-Tanzania Investment Forum in the presence of President of Tanzania Samia Suluhu Hassan on October 10.
During the address, the Textiles Minister who also holds the office of Commerce & Industry, Consumer Affairs, Food & Public Distribution, said that the friendship between the two countries has been elevated to the level of strategic partnership and the wonderful people-to-people and business relationship that exists between the two countries will only get stronger in the years to come.
Union Minister Goyal also noted that the Prime Minister Narendra Modi is a big advocate of bringing the Global South on one platform. The India Africa partnership has flourished under his leadership and the effort that Prime Minister Modi put in to create convergence on making the African Union a full member of the G20 has finally happened, he added.
Union Minister Goyal said that PM Narendra Modi looks at this partnership between two modern, vibrant nations as a very defining and substantial relationship that will work for the good of two billion people of Africa and India for inclusive and sustainable growth.
He pointed out that the two countries share a rich history and our ties go back decades and noting that Mahatma Gandhi learnt his first lesson in Africa, the Union Minister said that there is a lot of similarity in our freedom struggle, we have worked together as non-aligned nations and that we have successfully decolonized our economies.
He said that we now have important engagements with each other and are working from investments to startups, from the healthcare sector to business and trade. He added that there is huge potential and our business persons will truly make both countries proud with their commitment to make this relationship grow, expand and really provide opportunities for jobs and for entrepreneurs in both countries.
India will partner with Tanzania in different sectors like education, skill development, capacity building, culture, energy, climate action, trade settlement in local currencies and in technology, Union Minister Goyal said. He noted that India has offered lines of credit to ensure infrastructure development and ensure creation of utilities in Tanzania.
Tanzania is the biggest export destination of India in Africa and we look forward to making this another fast growing story, the Union Minister said adding that we can work together to ensure mutual food security, and in pharma sector and the new and emerging space sector.