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Press Release: Botswana opens export and investment office i...
21/06/10

Underlining the economic theme of his visit, Vice President Mompati Merafhe yesterday inaugurated BEDIA's investment office in Mumbai, which is India's leading Financial and Industrial as well as Diamond processing metropolis.

'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.

The Mumbai office is intended to serve as a one-stop-reference centre for Indian investors looking to do business in/with Botswana.

In his remarks, vice President Merafhe observed 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.

Merafhe will today end his four-day visit to India. He 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.

On Wednesday, the Vice President also witnessed the signing of a memorandum of understanding between National Small Industries Corporation of India and Local Enterprise Authority of Botswana.

After arrival in Mumbai, the visiting leader met with select captains of industry in the morning, before having lunch lunch with the Maharashtra Governor, K. Sankaranarayanan.

Merafhe also met with members of Indian film fraternity, hoping to woo them to take advantage of Botswana's beautiful environment.

He ended his official engagements this morning with a visit to the Mumbai-based Shrenuj diamond processing factory.

The Vice president is expected to arrive back in Botswana this evening.(BGCIS w/IANS)

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