Harare: India is prepared to help
resource-rich Zimbabwe in various spheres to get its economy
back on track, Indian Ambassador to the country Ashok
Venkatesan has said.
India was prepared to assist Zimbabwe in its quest to
recapitalize various sectors of the economy, he said in an
interview with New Ziana news agency here.
Venkatesan said Zimbabwe required massive investment
injections in various economic sectors to recover from the
decade-long slump.
"We are willing to work with Zimbabwe in efforts to
revive the economy," he added.
"We would like to be involved in power generation,
railway infrastructure as well as transport and Information
Communication Technology (ICT) development."
He said there was need for both countries to identify
areas of possible co-operation aimed at stimulating economic
growth. "It is up to the two countries to single out areas of
co-operation to push the economy towards growth."
Venkatesan said Zimbabwe had a rich base of natural
resources and human skills which could be tapped to
re-invigorate the economy.
"Zimbabwe is one of the richest countries in the region
in terms of natural and human resources," he said.
"These should be utilised to spur economic growth."
He said India had pledged close to USD 5 million to
procure machinery for local small and medium enterprises
(SMEs). Part of the money would be used to initiate training
projects, with experts flown from India to facilitate the
training programmes.
PTI
First Published: Thursday, January 28, 2010, 20:23