India keen to develop Zimbabwe's iron ore reserves

NEW DELHI: India has evinced interest in partnering Zimbabwe for developing and utilising the low grade iron ore reserves in the African nation.

"Zimbabwe has large reserves of low grade iron ore and the Indian steel industry can be a partner in developing and gainfully utilising these resources," visiting Steel Minister Beni Prasad Verma told the South African nation's Mines Minister Obert Moses Mpofu.

According to a statement by the Steel Ministry, Verma said such ventures would be extremely beneficial and would further strengthen ties between the two nations.

He also assured support to Zimbabwean entrepreneurs, wanting to set up base in India.

According to the statement, Minister of Tourism and Hospitality, Zimbabwe Walter Mzembi also sought Verma's help in developing projects in the area of Iron ore, Coal, Gold, Diamond and Chrome.

"An MoU is under consideration between NMDC and a government Company of Zimbabwe," it added.

Verma during his course of visit also met Zimbabwe's Industry and Commerce Minister Welshman Ncubem,

"The visit will strengthen relations between the two countries and give thrust to the possibility of exploration and development of mineral assets," the statement added.