SME Times News Bureau | 19 Jun, 2010
Botswana's Vice President Mompati Merafhe, who is on a four-day visit to India in a bid to promote Indian investment in the country, Friday opened an export and investment office in Mumbai, just a day after signing an agreement with India in the field of micro, small and medium enterprises (MSMEs).
"This is a clear demonstration of the excellent relations that Botswana enjoys with India, which are underpinned by mutual commitment to democracy, transparency and accountability," Merafhe said on the occasion of the inauguration of Botswana Export Development and Investment Authority (Bedia).
Merafhe arrived in Mumbai Friday morning, after meeting with Indian leaders in New Delhi, during which two agreements on small, medium and micro enterprises, and science and technology were signed Thursday night.
He Wednesday witnessed the signing of a memorandum of understanding between National Small Industries Corporation of India and Local Enterprise Authority of Botswana.
Commenting on Bedia, Botswana's Vice President said that since its inception in 1998, Bedia has been a pioneer in the investment arena and carved a niche for itself in the world business arena by promoting competitive financial service opportunities enabling identify partners in and outside Botswana for business partnerships.
Bedia is mandated with promoting investment into the African nation and the Mumbai office is intended to serve as a one-stop-reference centre for investors looking to do business in/with Botswana.
After arrival in Mumbai, the visiting leader had a meeting with select captains of industry in the morning. The Botswana vice president had lunch with the Maharashtra Governor, K. Sankaranarayanan.
On Saturday, Merafhe will be meeting with members of Indian film fraternity, hoping to woo them to take advantage of Botswana's beautiful environs. He will end his official engagements in India with a visit to the Mumbai-based Shrenuj diamond processing factory.