|Japanese keen to invest in Zim|
|Friday, 17 August 2012 00:00|
Golden Sibanda Senior Business Reporter
investment mission, designed to forge new partnerships, as economic ties between the two countries scale new heights.
Companies represented in the delegation include Mitsubishi Chemical Corporation, Hitachi Construction Machinery, Central Japan Railway Company, Japan Bank for International Co-operation, Nissin Foods and Rohto Pharmaceutical.
He said Japanese investors had a strong interest in Zimbabwe as one of the key Southern African countries that have strong potential to experience rapid economic development by 2050.
Ambassador Hara spoke after meeting members of the Confederation of Zimbabwe Industries in Harare. He had earlier met Agriculture, Mechanisation andIrrigation Development Minister Dr Joseph Made and Industry and Commerce Deputy Minister Mike Bimha.
Ambassador Hara said Japanese investors were keen to help Zimbabwe build a “thick” rich middle-class population, which is critical to ensure a stable and prosperous country.
But Ambassador Hara said the Japanese investment model was centred on “public interest capitalism”, which asserts that companies were “public organs of society” and that contributing to society, while engaging in market competition, should be the major objective of corporate entities.
He attacked other capitalist models, saying they favoured shareholders or State capitalism and did not benefit host countries.
“We have an interest to see how we can connect Japanese companies to invest in Zimbabwe industries,” he said. “We did not come as jokers, but came to take a serious note of what they can do and how much they want to do it. If partners from Zimbabwe want to come and do business with us, we welcome them. We want to assist them.”
Asked why they were making efforts to invest in Zimbabwe, Mr Babbar said: “We love it, we love Zimbabwe. We think it is one of the best countries to invest in.”