UGANDA WANTS TO ATTRACT SERIOUS INVESTORS, SAYS P.M.

Ugandan Prime Minister Dr Ruhakana Rugunda, who is in India to attend the 12th Conclave on India-Africa Project Partnership, says Uganda is interested in serious investors who can process and add value to the the country's products.

The Conclave on India Africa-Project Partnership is an initiative started in 2005 to promote trade, business, investment and economic cooperation between the two regions.

Dr Rugunda, who arrived in India on Tuesday, is a guest speaker at the gathering that brings together heads of state, top business people, investors and traders from across Africa and India. The forum will take place on Thursday and Friday in New Dehli.

The Prime Minister began his visit to India in Mumbai, the commercial capital of India, where he met several investors interested in establishing factories and businesses in Uganda.

While in Mumbai, Dr Rugunda said that attracting investments in priority sectors such as agriculture and agro-processing, tourism, information communication technology (ICT), housing and medical services, was the surest way to boost Uganda's economy.

The conclave, which will be opened by Indian President Pranab Mukherjee, has become a prestigious event for Indian and African governments and industry to meet and explore new avenues of partnerships. The annual gathering enables the Indian and African leadership to take stock of the progress of the partnership.

The Prime Minister's delegation includes business people and manufacturers, private sector foundation, as well as officials from Ministry of Trade, Ministry of Investment and the Uganda Investment Authority.

Source: NAM NEWS NETWORK

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