Tanzania, March 13 -- Arusha. Bilateral trade between Tanzania and India is set to cross $7 billion this year.

Trade between the two countries hit a record $6.4 billion by the end of the 2022/23 financial year.

For the current 2023/24 fiscal year, trade statistics have already crossed $5.7 billion by December 2023.

"Our bilateral trade is set to cross $7 billion this year (2023/24)," said Mr Manoj Verma, an official of the Indian High Commission in Tanzania.

He said when speaking at the Tanzania/India Business Forum (TIBF) here at the weekend that Tanzania is set to become India's largest trading partner in Africa.

"This has become possible due to favourable policies bolstering trade," he said during an event held at an Arusha hotel....