The visiting Indian business delegation has hailed Zimbabwe’s fast improving investment climate as well as the tax and non-tax incentives being offered under the special economic zones.

Members of the Confederation of Indian Industry who are attending the ongoing Confederation of Zimbabwe Industries (CZI) 2017 congress and international investment forum said they are pleased with the investment opportunities in various sectors of the domestic economy.

Head of the Indian business delegation, Mr Ranjan Pendarkar said Zimbabwe investment climate remains attractive contrary to the negative media reports on the country.

He said members of the delegation will be engaging their counterparts in order to identify possible areas of cooperation.

Industry and Commerce Minister, Dr Mike Bimha assured the Indian team of government’s commitment in further improving the investment climate and challenged the delegation to explore the opportunities in sectors such as manufacturing, textile and pharmaceutical.

Zimbabwe Investment Authority chief executive officer, Mr Richard Mubaiwa told the delegation that the country has prioritised investor protection and is working on further enhancing the investment climate.

The Indian business delegation is hopeful of strengthening economic relations with the domestic business community and formulation of strategies to boost exports on the basis of mutual interests.