Posted on November, 16, 2021 at 08:29 am
India to support Uganda’s dairy, grain and cotton sectors by transferring her knowledge, technology and experience in agriculture to boost Uganda’s agricultural sector.
The Indian Minister of State for External and Parliamentary Affairs, Vellamvelly Muraleedharan, has revealed.
Speaking during a three-day visit to Uganda, Muraleedharan said India used to have a struggling agricultural sector to the extent it was a net importer of many foodstuffs but that has now changed, thanks to strategic investment in agriculture, citing dairy and grains as examples.
“India used to be a net importer of grains and is now not only self-sufficient but can export grains and engage in grain diplomacy,” he said.
Adding that: “This has been achieved due to grain revolution which is part of India’s white revolution we adopted. India will be happy to share that experience with partner countries like Uganda,”
Muraleedharan also noted that Uganda being an agricultural country, India will support her agricultural sector especially in dairy, grain and cotton production, as well as irrigation systems.
“The finest cotton in the world is produced here in Uganda and we shall support a mechanism for Uganda to produce, process and market her cotton globally,” he alluded.
Muraleedharan was speaking at the Uganda-India Investment and Business Luncheon in Kampala organised by Uganda Investment Authority (UIA), the chief investment promotion agency of Government of Uganda.
The luncheon, which attracted government and business leaders, was aimed at discussing investment, business and economic relations between Uganda and India, as well as countries accredited to New Delhi, the capital of India.
Muraleedharan further stated that Indian business people have played and are still playing a significant role in the development of Uganda, adding that, the bilateral relationship between India and Uganda shall, as he put it, “continue to become more intense, more engaging and will have a positive impact in different areas”.
He added that both governments will work collaboratively to iron out any bottlenecks hindering trade and investment between the two countries like two lines of credit that remain unimplemented and project yet to get started.
Henry Okello-Oryem, State Minister for Foreign Affairs noted that the historical and economic relationship between Uganda and India is incomparable, describing it as “very special and cordial.”
'UIA and Uganda Revenue Authority (URA) should popularise investment opportunities and incentives in Uganda to Indian investors and business people in order to attract more,' he said.
Okello-Oryem also urged UIA to not only focus on big investors and businesses but the small ones too in order to challenge Ugandans and get them into cottage industries.
Paul Kyalimpa, the Deputy Director General of UIA, said 'India is the second source country for investments in Uganda, noting that in the last five years, UIA licensed 228 Indian investment projects valued at 464.5 million dollars and created 19,572 jobs.
'The major sectors are manufacturing, agriculture, construction, healthcare, real estate and education,' he explained.
Kyalimpa said in 2020, Uganda imported goods worth 959 million dollars from India and exported to India products worth 56 million dollars, mainly agro products like coffee, tea, oilseeds and vegetables, adding that there is room for more exports to India.
He encouraged Indian investors to take advantage of Uganda’s vast investment opportunities in areas like agriculture and agro-processing, manufacturing, mining and mineral beneficiation, tourism and construction, as well as the generous incentives.
Ajay Kuma, Indian High Commissioner to Uganda, said India and Uganda have lots in common and will continue to harness investment and business synergies in many areas.
Grace Akello, Uganda’s High Commissioner to India said, 'Indian industrialists need to transfer technology in areas like manufacturing, pharmaceuticals and information technology to Uganda.'
Mahmood Huda, Chair of Agriculture Working Group under the Presidential Investor Roundtable (PIRT) said Uganda has so many opportunities, especially in agriculture yet most people are not snapping them up.
Source: New Vision