Gujarat’s Agri-Infra companies to invest Rs. 100 Cr in Uganda

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Uganda High Commission and Uganda Gujarat Business Association (UGBA) jointly organized annual investment and business seminar today in the city where information on business relations between two countries, scope in the area of tourism, medical, education, import and export were given to the investors.It is to mention that UGBA provides one-stop-solution to all investors wishing to invest in Uganda.

On the occasion Deputy High commissioner of Uganda, Amb Kezaala Mohammed Baswari said that 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.

UGBA Director – Public Relations, Mr. 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 Mr. 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.

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