India has said the Bilateral Investment Protection Agreement, BIPA, with Zimbabwe, yet to be ratified by the African nation, will give a fillip to bilateral investments. An official release says, Commerce and Industry Minister Anand Sharma in a bilateral meeting with his Zimbabwe counterpart Welshman Ncube said that the BIPA will provide a fillip to Indian investors seeking to enter the South African nation. Mr. Sharma said that the ratification process for the BIPA is complete on our side and we are awaiting the ratification on the Zimbabwean side before exchanging the instruments of ratification and enabling the agreement to become operational. He also said that India is planning to set up a vocational training centre in Zimbabwe to further develop skills and capacity in the African nation.The bilateral trade between the countries stood at USD 69.80 million US dollars in 2009-10.
News On AIR | March 29, 2011 8:51 PM
BIPA with Zimbabwe to give fillip to bilateral investments