Indian investors in the country to explore opportunities

Published by IGIHE
On 28 August 2017 at 11:40
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A delegation of 25 entrepreneurs from Indian is in Rwanda as part of a program to streamline the cooperation between the two countries.
The 25 Indian entrepreneurs from different commercial sectors are expected to hold discussions and exchange knowledge in the field of technology with local entrepreneurs.
In February this year, India’s Vice President Hamid Ansari held talks with President Paul Kagame on different issues, including trade and promoting health sector.
During that time, a (...)

A delegation of 25 entrepreneurs from Indian is in Rwanda as part of a program to streamline the cooperation between the two countries.

The 25 Indian entrepreneurs from different commercial sectors are expected to hold discussions and exchange knowledge in the field of technology with local entrepreneurs.

In February this year, India’s Vice President Hamid Ansari held talks with President Paul Kagame on different issues, including trade and promoting health sector.

During that time, a cooperation, India-Rwanda Innovation Growth Programme (IRIGP) was agreed upon between the two countries in the field of science and technology where India, and Rwanda’s National Industrial Research Development Agency (NIRDA), will coordinate the working relationship between the two sides. The delegation has already held discussions and exchanged knowledge in the field of technology with local entrepreneurs.

The Indian entrepreneurs have expressed willingness to play a role in the promotion of trade and investments in Rwanda, noted Munish Gupta, the advisor of IRIGP program.

He said, “The most important thing is the fact that both governments of India and Rwanda have the will to cooperate in the field of creating employment opportunities, opening companies in Rwanda and promoting the national economies.”

It is expected that the Indians will participate in the ongoing Trade show, taking place at Gikondo Expo ground from August 22nd- 6th September 2017.

Through this cooperation, it is anticipated that some of the Rwandan entrepreneurs will make a study tour in India, with the objective of promoting the culture of innovation and improving knowledge through applying modern technology.

The Rwanda Development Board Chief Executive Officer , Clare Akamanzi, said that India is experienced in vital sectors that are important in enhancing development including agro-processing industries, pharmaceuticals and computer science among others.

This delegation has so far visited different institutions including Rwanda Development Board (RDB), Private Sector Federation (PSF), National Industrial Research Development Agency (NIRDA), Indian Embassy in Rwanda and the Ministry of Trade, Industry and East African Community Affairs.

Between 2011-2016, Indians invested US$317millions in 66 projects, including Airtel, Zinc Hotel and Mahatma Gandhi University besides, Gisovu Tea Factory, Imana Steel, Sahasra and electronic Pvt Ltd among others.


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