With the aim of upgrading the Indo-Zim technology centre in Harare, a Memorandum of Understanding (MoU) was signed with the Indian government. The MoU will ensure that Zimbabwe receive $2.92 million in funding to cover supply of additional machinery and equipment, training of Zimbabwean personnel, repair and maintenance of old and new machinery at the Indo-Zim technology centre for a period of three years.
Indian Ambassador, Rungsung Masakui said at the MoU signing ceremony that a study showed that the Indo-Zim project has been a success and based on this results gathered and hence, deemed it fit to extend the project.
The project is meant to promote access to technology by MSMEs in other fields of toll and die, computer numerical control and computer aided manufacturing, plastic products manufacturing as well as carpentry and mental fabrication.
Industry Minister, Mike Bimha said the Zimbabwean government is grateful to the government of India for its support, he added that his ministry looks forward to the upgrade of the technology center.