Tunisia seeks Indian investment in techno parks
Thursday, 01 May 2003, 19:30 IST
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NEW DELHI: Visiting Tunisian Minister for Industry and Energy Moncef Ben Abdullah has invited Indian investment in the proposed six technological parks being set up in his country. The techno parks planned are for agri-business, textiles, computer sciences, mechanical and electronic industries, pharmaceuticals and environment. Addressing an interactive session at the Associated Chambers of Commerce and Industry of India (Assocham) here Wednesday, Abdullah said that the Tunisian economy was registering 5.6 percent GDP growth despite global downswing for the last six years. He said the privatisation process had started yielding significant results. Tunisia has so far privatised 159 companies, and the process was under way for 23 more companies and in the banking sector. With 75 percent of Tunisia's trade being conducted with the European Union, which has given preferential market access to Tunisian products, Abdullah said there are tremendous opportunities for Indian investors. Currently, India exports cotton and synthetic yarn, rice, tea, spices, tobacco, organic and inorganic chemicals, rubber products, leather products, transport equipment, cycle parts, engineering goods, plastic products, electrical products and earth moving equipments to Tunisia. Rock phosphate and phosphoric acid accounts for nearly all of India's imports from Tunisia. The Tunisian minister is accompanied by a six-member high-powered business delegation exploring possibilities of establishing business contacts for manufacturing as well as exports and imports.
Source: IANS
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