Uganda is a safer place for investment unlike the common perception and Asian private companies should invest more in the African nations for overall business development, said Rosalind Rose Birungi, Minister of Protocol of Tooro Kingdom, Uganda.
She was speaking at an interactive session on ‘Investment Opportunities in Uganda’, organised by the Confederation of Indian Industry (CII), Salem, here on Friday.
Objective
The objective of the session was to discuss the present scenario and also to explore the investment opportunities in Uganda.
Uganda provides business opportunities in agriculture, IT, tourism and mining. India can impart training in ICT-enabled service through joint ventures with existing companies, she said.
There were also business opportunities in vocational training, tertiary education, specialised diagnostic facilities, pharmaceuticals and financial intermediaries, said Ms. Rosalind Rose.
Uganda provided predictable investment environment and fully liberalised economy.
She also said that Uganda had a trainable labour force that could provide cost effective manufacturing opportunities in the country.
K. M. S. Rajesh Kumar, chairman, CII Salem, in his presidential address, said that Indian Investors could reap benefits by investing in the largest economy of Africa.
S. Mohan, former chairman, CII Salem, P. Vimalan, vice-chairman, CII Salem, who spoke, said that the economic relations between India and Uganda had been on the upswing with more and more Indian companies evincing interest in starting their new ventures in Uganda.
