NEWS
Indian investor to pump US$200m
into Zimbabwe agricultural sector
M
r. Harinder Pal Singh Bajwa, an
Indian investor, is set to pump
US $200m into Zimbabwe’s
agricultural sector. The move has since
been attributed to the new economic
policies put in place under the Second
Republic led by President Mnangagwa.
The investment in Mashonaland
West’s agricultural sector is projected
to create 5 000 jobs.
According to media reports, the
established Indian spent two months
exploring business opportunities
in Zimbabwe. Mr Bajwa met Sable
Chicken group chief executive Mr Sean
Eastwood and the Zanu-PF provincial
leadership in Chegutu to discuss his
immediate investment plans in the area.
Some of the projects are expected
to start at the beginning of next
year. Moreover, one of Mr Bajwa’s
investment vehicles, Flamingo Farms,
will be moving into citrus production.
currently being prepared in Chakari,
which when complete is projected to
provide 1000 jobs. This, he says, is in
addition to plans for setting up a fruit
processing plant in Chegutu.
This includes mango, banana and
potato seed. Mr. Bajwa said that he
will major in vegetables in orchards.
He further added that the mover will be
a joint venture with local farmers in areas
like Chegutu, Chakari and Kadoma. Mr. Bajwa explained that there will
be both direct and indirect forms of
employment, especially in the case of
the fruit processing plant. He added
that the products will be exported to
Europe and the Middle East, especially in
Dubai, where they have ready markets.
According to him, the initiative will
work such that the joint venture will
share the proceeds equally after
expenses. Currently, he has land The businessman said he also has
plans to import latest state-of-the-art
agricultural infrastructure once he fully
sets up base in Zimbabwe.
November - December 2018 | 3