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Monday, 22 September 2014

Mozambique Participates in the 4th Economic Global Summit

A delegation from Mozambique participated in the 4th Economic Global Summit held at World Trade Centre in Mumbai, on September 11, 12 and 13. The three member Mozambican delegation comprising - Mr. Claire Mateus Zimba, General Manager of the Institute for Promotion of Micro, Small and Medium Enterprises- IPEME, Ms Cecilia Candrinho, Executive Director at the Export Promotion Institute-IPEX both under the Ministry of Industry and Commerce, Government of Mozambique and, Mr. Oliveira Amimo, Economic Counsellor at the High Commission of the Republic of Mozambique in New Delhi, attended the three days summit organized by the World Trade Center in Mumbai.

The three-day event which included a conference, exhibition, industry visit and networking opportunities witnessed participants from various sectors like manufacturing, SMEs, corporate houses, public sector units, clusters, government organizations, trade promotion organizations, technocrats, educational and research institutions, academics, business service providers, exporters and importers among others.

The Mozambican team found the summit very interesting and helpful for the stage of rapid economic development in which their country is currently undergoing. Mozambique is enjoying very rapid and stable economic development at the 7.6% yearly rate during last two decades. The Micro, Small and Medium Enterprises have a major contribution on the countries growth besides the political stability and the preference on investments by Foreign Direct Investment in the country –FDI, India being placed at the 7th position among the foreign investors where countries like U.S., China, UK, South Africa, Italy, and among others are on the list of investors.

At the inauguration of the 4th Global Economic Summit, The Minister of State for External Affairs, Gen. V.K. Singh (Retd) has said that strength of the economy depends on manufacturing and hence the government is taking proactive measures to revive the sector.

Gen. Singh said India offers many opportunities and has potential to emerge as a major manufacturing hub in the world. “Globalisation should not just look at integration of markets but should also look at how natural resource pools can be best utilised”, he observed. The Minister further said, “Technology rests in another part of the world while potential for growth and large markets rest in Asia including India”. The theme of the 4th Global Economic Summit is Ă„sia Powering Global Markets”. The 3-day Summit brings together Asian and global partners to discuss and deliberate on emerging prospects and challenges. Business leaders and policy makers from USA, Canada, Switzerland, Ireland, China, South Korea, Thailand and Iran are among those representing the 35 countries participating in the conference.

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