The 48th World Economic Forum annual meeting has been officially opened by the Prime Minister of India, Mr Narendra Modi in Davos Klosters, Switzerland this Tuesday.

President Emmerson Mnangagwa is leading a high level government and private sector delegation to the meeting which is being attended by other world leaders, industrialists and business executives.

On the sidelines of the meeting, Angolan President, Joao Laurenco and a representative from Standard Chartered International paid a courtesy call on President Mnangagwa.

Some of the members of President Mnangagwa’s delegation, Industry and Commerce Minister Dr Mike Bimha and the Special Advisor to the President, Cde Chris Mutsvangwa are optimistic that Zimbabwe’s presence at the annual forum sends a clear message that renewal is taking place in Zimbabwe.

“We are using this opportunity to tell the world on our new policy thrust, which is anchored on political and economic re-engagement,” said Minister Bimha.

Delivering the keynote address at the meeting’s opening session; Prime Minister Modi underscored the openness of India to foreign investment.

“We are removing the red tape and rolling out the carpet to investors. In the past three years, the Indian government has abolished over 1400 archaic laws,” said Mr Modi, a stance the new Zimbabwean government is pursuing. 

The Indian Premier also identified climate change, terrorism and a growing trend by nations to just focus on their needs as three foremost challenges confronting humanity today.

The effects of climate change are very evident in Davos, where snow, a record since 1999, has continued to accumulate, raising fears that delegates could face difficulties getting around the ski resort.