India and SADC seal deal on economic cooperation

3 July 2024

The MoU was signed by SADC Executive Secretary, Mr. Elias Mpedi Magosi and H.E. Mr. Bharath Kumar Kuthati, High Commissioner of India to Botswana and Special Representative of India to the SADC

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The Pan Afrikanist Watchman

2 July 2024

The Gaborone-based Southern African Development Community (SADC) Secretariat and the Republic of India on Tuesday 2 July 2024 signed a Memorandum of Understanding (MOU) on Economic Cooperation.

The MoU between the Southern African Development Community and the Government of India is meant to update the already signed MOU on Economic Cooperation on 14 October 1997. 

The MOU was signed by SADC Executive Secretary, Mr. Elias Mpedi Magosi on behalf of the SADC and H.E. Mr. Bharath Kumar Kuthati, High Commissioner of India to Botswana and Special Representative of India to the SADC. 

Deal sealed: SADC Executive Secretary Mr Elias Magosi and India’s High Commissioner to Botswana H.E Mr. Bharath Kumar Kuthati sign on the dotted lines (Pic. contributed)

The objective of the MOU is to establish a framework for strengthening economic cooperation between India and SADC in the priority areas of economic and technical cooperation such as industrialisation; human and social development; new and emerging technologies.

Other areas for strengthening economic cooperation between the two sides include trade and investment; disaster risk management; women-led development; private sector development; space cooperation; green growth and green infrastructure development; and research and innovation in areas of mutual interest.

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