India today asked Tanzania to consider giving long-term visas for reputed business companies with multi-entry facility to promote investments between the two countries, the commerce ministry said today.
The issue came up for discussion during the fourth session of India-Tanzania Joint Trade Committee meeting here.
The Indian delegation was led by Commerce and Industry Minister Nirmala Sitharaman and the Tanzanian side was represented by Minister for Industry, Trade and Investment Charles John Mwijage.
The ministry said in a statement that a liberal visa regime facilitates trade and investments.
Visa on arrival is available in Tanzania though only for a three-month period.
"During the discussions, it was mentioned that long-term (at least one year visas) for reputed business companies with multi-entry facility will be helpful to promote investments and business collaboration between the two countries," it added.
Both the sides also emphasised on the need to increase cooperation in areas like gems and jewellery, energy, oil and natural gas, mining, transport, agriculture, capacity building and trade promotion.
The Indian side informed its Tanzanian counterpart that huge potential exists here in sectors such as light oils, petroleum or bituminous minerals and vehicles.
Similarly, metals and minerals, dried cashew nuts in shells from Tanzania are required in India, it added.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.