Ministry of Commerce & Industry

India-Tanzania to work for the collective good of Africa and India: Shri Piyush Goyal at India Tanzania Investment Forum


Prime Minister Modi worked to bring Global South together on one platform, has ensured that African Union has become a full member of G20: Shri Goyal

India and Tanzania can work together for mutual food security and in pharma and space sectors: Shri Goyal

Posted On: 10 OCT 2023 7:09PM by PIB Delhi

Welcoming the President of Tanzania Her Excellency Samia Suluhu Hassan at the India Tanzania Investment Forum in New Delhi today, Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles 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.

Shri Goyal 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.

Shri Goyal said that Prime Minister 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.

Shri Goyal pointed out that the two countries share a rich history and our ties go back decades and noting that Mahatma Gandi learnt his first lesson in Africa, Shri Goyal 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, Shri 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, Shri Goyal said adding that we can work together to ensure mutual food security, and in pharma sector and the new and emerging space sector.

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