Trade between India and Zimbabwe has reached US $ 125 million in the financial year, 2010-2011, said Commerce Ministry Tuesday.
Comparing to 2006-07 (US $ 64.02 mn), the trade growth between the two countries has doubled in four years.
"Bilateral Trade has shown an impressive growth, increasing from US $ 64.02 mn in 2006-07 to US $ 125 mn in the year 2010-11, i.e. almost doubling in the last 4 years, with India's exports to Zimbabwe amounting to US $ 114 mn and imports from Zimbabwe amounting to US $ 11 mn," a press release by the Ministry said.
Expressing happiness over the development, the Union Minister of Commerce Industry and Textiles Anand Sharma requested Zimbabwe Vice President Joice Mujuru to ratify BIPPA which was signed in 1999 as it will help in increasing investments in both countries.
Conveying India's interest in cooperating with Zimbabwe in the mining, power generation, railway, ICT and agricultural sectors, Sharma said "In fact the tripod on which the India-Africa relationship stands today with the resonance of South-South cooperation is that of technology, trade and training. We have created a three-tiered cooperation at Pan-African, regional and bilateral levels with the continent of Africa."