Times Of Swaziland: EIPA SEEKS TO CREATE OPPORTUNITIES FOR LOCAL BUSINESSES

EIPA SEEKS TO CREATE OPPORTUNITIES FOR LOCAL BUSINESSES
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Nhlanganiso Mkhonta on 24/04/2024 15:12:00


MBABANE – EIPA Chief Executive Officer Sibani Mngomezulu says a strategy to
enhance exports from Eswatini to India will be formulated and put in place to
create opportunities for local businesses.
Mngomezulu said through the strategy, the local businesses would then start
enjoying the full benefits of the current trade agreement that Eswatini
currently has in place with India. The CEO said as a result of the meeting with
the Indian High Commissioner to Eswatini Ram Prasaad, EIPA will also have access
to Invest India, the Indian trade and investment promotion agency, for
benchmarking purposes.
He said EIPA would get to engage its Indian counterpart on capacity building on
a number of issues involving trade and investment promotion. He revealed that
the Indian High Commission has been invited by EIPA to exhibit at the Eswatini
International Trade Fair this year (2024). “It is hoped that their
participation in 2024 will result in increased participation in 2025 with big
corporations from India showing an interest in the trade exhibitions,” he
said. Mngomezulu mentioned that India had also made available its technology
expertise to look at ways of adding further value to the tourism and financial
services sectors in Eswatini.
Support
He said meetings with various stakeholders in the public sector would be held
over the next few months to find ways of fully utilising this support for the
good of emaSwati. He highlighted that EIPA had also been invited by the Indian
High Commission to attend the bank conclave meeting to take place in India in
August. He said this meeting creates a platform for different stakeholders in
financial services to discuss the challenges and opportunities they face in an
effort to realise sustainable growth. “A private sector delegation will form
part of the attendees from Eswatini,” he said.