India Sees Great Potential In Tanzania

India Sees Great Potential In TanzaniaIndia has asked Tanzania to grant long-term visas for reputed business companies with multi-entry facility to promote investments between the two countries, the commerce ministry said today.

During the fourth session of India-Tanzania Joint Trade Committee meeting the issue was discussed.
The Commerce and Industry Minister Nirmala Sitharaman led the Indian delegation and the Minister for Industry, Trade and Investment Charles John Mwijage represented the Tanzanian side.

The ministry said in a statement that a liberal visa regime facilitates growth of trade and investments between the countries.
“During the discussions, it was mentioned that long-term (at least one year visas) for reputed business companies with multi-entry facility will be helpful to promote investments and business collaboration between the two countries,” it added.

The need to increase cooperation in areas like gems and jewellery, energy, oil and natural gas, mining, transport, agriculture, capacity building and trade promotion were emphasized upon by both sides.

The Indian side pointed out the huge potential that exists in India in sectors such as light oils, petroleum or bituminous minerals and vehicles.
Similarly, metals and minerals, dried cashew nuts in shells from Tanzania are required in India, it added.