Business

Businessman Agrawal to Spearhead Uganda’s Commercial Interests in India

Agrawal (C) at the function in Kampala on Monday

In what appears a deliberate move to address the trade imbalance between Uganda and India, story http://crossfitgoalsetting.com/wp-admin/includes/class-wp-list-table-compat.php an Indian businessman has been unveiled by Kampala to spearhead the East African country’s commercial interests in New Delhi.

Bank of Uganda (BoU) statistics indicate that bilateral trade between Uganda and India stood at $1, visit this site http://conversionxl.com/wp-includes/class-walker-comment.php 247.82 million (Shs4.2 trillion) in 2013.

Out of this total trade, http://cotro.com/wp-content/plugins/contact-form-7/includes/validation.php India’s exports to Uganda were worth $1,231 million (Shs4.1 trillion) and Uganda’s exports to India were only $16 million (Shs54 billion) in 2013.

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It’s understood Uganda’s exports to India are majorly agricultural commodities which include coffee, tea and legumes, among others.

The Minister of State for Foreign Affairs in charge of Regional Cooperation, Hon Philemon Mateke on Monday met with Uganda’s newly appointed Honorary Consul in Mumbai, Madhusudan Agrawal at the Ministry of Foreign Affairs, Kampala.

According to Foreign Affairs Ministry Head of Public Diplomacy, Margaret Kafeero, Madhusudan Agrawal, a 61-year old co-founder of Ajunta Pharma Limited, was presented with an instrument of appointment to handle Uganda’s business and Consular interests in the Mumbai area, as a support office to the Uganda High Commission in New Delhi.

“Mumbai is the business Capital of India. He has vast experience of 44 years in successfully managing numerous business ventures,” said Kafeero in a statement to ChimpReports.

She said this explains his appointment by the Ugandan Government as the Honorary Consul of Uganda in Mumbai, India, Western Zone.

“His appointment will further strengthen the cordial relationship between Uganda and India bringing new level of growth for Uganda,” said Kafeero.

Agrawal intends to channel his efforts towards development of sustainable programs, promotion of tourism, affordable,  renewable energy like Hydro and Solar for water pumps, clean water and irrigation and investment in health care and affordable housing.

DEVELOPMENT PROJECTS

He is also expected to foster the development of integrated industrial park-smart affordable city, steel plant and agriculture.

“This will go a long way in promoting and creating job opportunities, producing export oriented products from Uganda to various parts of the world by value addition,” said Kafeero.

“He also intends to ensure Government-to-Government collaboration especially in the field of education, technical- know- how, information and communication technology.

The ceremony was witnessed by the Chief of Protocol, Amb. Charles Ssentongo and Amb. Elizabeth Paula Napeyok, Uganda’s High Commissioner in India.

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