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The Vice President of India, Mr. M. Hamid Ansari said India’s commercial and business ties with Uganda are dynamic and form a key pillar of bilateral relations, while addressing the India-Uganda Business Meeting in Kampala, Uganda, on Wednesday, February 22, 2017.
The Vice President said that Uganda’s expanding economy offers opportunities in a variety of sectors. He has underscored the service of Indian education institutions to provide opportunities for quality education at a fraction of the cost of western institutions to an ever increasing number of students from Africa, including from Uganda. India has been a source of affordable pharmaceuticals and specialized healthcare for people of Africa, he added.
The Vice President said that the Indian community in Uganda is vibrant and holds an important position in Ugandan economy in manufacturing, trade and service sectors. Indian businesses employ thousands of Ugandans and are among the largest contributors to tax revenue in Uganda, he added.
“Our commercial and business ties with Uganda are dynamic and form a key pillar of our bilateral relations. I am told that every month, more than 70 Ugandan businessmen travel to India to explore business opportunities with India. It is a matter of satisfaction that India is one of the largest trade partners of Uganda but at US$ 615 million, our bilateral trade is yet to reach its true potential,” he noted.
The Indian community in Uganda is vibrant in Uganda and holds an important position in Ugandan economy in manufacturing, trade and service sectors. Indian businesses employ thousands of Ugandans and are among the largest contributors to tax revenue in Uganda.
“I thank the Government of Uganda for welcoming Indian entrepreneurs who have sought business opportunities in Uganda and I request that the Ugandan government continues with such support and encouragement for our companies seeking business in Uganda,” he said.
The Vice President said that India has emerged as one of the largest investors and trading partners of Uganda. The Vice President thanked the Government of Uganda for welcoming Indian entrepreneurs who have sought business opportunities in Uganda.
