Mozambique woos Indian investors

The Republic of Mozambique (RoM) has lined up a slew of incentives to attract Indian investors. There is a lot of business potential in areas of cattle breeding, poultry, foodgrains, cement, textiles, aluminium and a host of other sectors, said Carlos Agostinho do Rosario, high commissioner, RoM.

Rosario, who interacted with trade representatives at the Federation of Andhra Pradesh Chambers of Commerce Industry (Fapcci), said Mozambique was looking to partner other countries to develop technologies in key areas and enhance the productivity.

He said there was a good demand for foodgrains from other African countries. Besides, the US, Europe and China markets are also willing to take cotton, timber, aluminium and other products.

"We do not have the right technologies to improve the quality and quantity to match the international orders," he said.

Investors will have access to South Africa, Zimbabwe, Zambia, Angola and other countries, which follow an integrated markets approach.

The land is suitable for cultivation of rice, cotton, wheat, sunflower and cashew nut among others. Also there are huge deposits of coal and aluminium in the country.

"Our focus is on increasing the quality and quantity of rice, wheat and maize production,'" he said. It imports about 200,000 tonne rice from Pakistan, India and other countries.