NE BUSINESS BUREAU
AHMEDABAD, DEC 9
Stating that Indians, especially Gujaratis, play a vital role in the economic development of Uganda, . a high-ranking official of the African country said here on Tuesday the country has great potential for investment in the agriculture and infrastructure sectors. The government is offering huge relief in taxes, import duty, VAT which is making it a centre of attraction for investment.
Speaking at the Uganda High Commission and Uganda Gujarat Business Association (UGBA) first annual investment and business seminar, Deputy High commissioner of Uganda, Amb Kezaala Mohammed Baswari said, “Trade between India and Uganda has been increasing steadily. India is importing coffee and soybeans from Uganda in bulk while Uganda is importing chemicals, textiles, leather, and manufacturing spare parts from India. Uganda has great potential for investment in the agriculture and infrastructure sectors. The government is offering huge relief in taxes, import duty, VAT which is making it a center of attraction for investment.”
“Since Gujarati community has been playing a vital role in the economic development of Uganda, we have kick-started wooing them to scale up their activities and reap good dividends,” Kezaala said.
Wooing the investors, Kezalla added that Uganda offers scope in the area of tourism, medical, education, import, and export. He lauded that UGBA provides a one-stop-solution to all investors wishing to invest in Uganda.
UGBA Director – Public Relations, Deepak Khanna said that the first event is being held in Gujarat. MOUs were signed in the area of animal husbandry in the agriculture sector. Also, infrastructure, consultancy, knowledge sourcing, agri, import-export companies of Gujarat are keen to invest in Uganda. It is estimated that Rs 100 crore will come from Gujarat in the next one year in the animal and infrastructure sector.
UGBA Chairman Dharmendra Patel said that apart from tourism, Uganda has ample opportunities for investment in agriculture. Priority will be given to the agriculture sector under the Mera Kisan Mera Swabhiman mission. Under this project, we are going to send 84 horses of Indian origin to the Uganda government. The horses will be used for tourist safaris in 10 major forests in Uganda, which will be managed by the Uganda Tourism Department.
