President Museveni has called on Indian entrepreneurs and business executives to come and invest in the Ugandan economy saying it is much easier to do profitable business and become prosperous in Uganda than in India or many other countries.
He said prosperity could be done through trade and investment as a strategic goal for India to promote partnerships with Africa.
The President was Wednesday afternoon addressing the India-Africa Business Forum at the Le Meridien Hotel, viagra buy http://cdkstone.com.au/wp-content/plugins/woocommerce/includes/class-wc-legacy-api.php New Delhi.
Museveni is in India on a four day working visit during which he will also address the 3rd India – Africa Forum Summit currently underway at the Indira Gandi Sports Complex.
President Museveni identified trade, medications http://cosmopolitan.taconeras.net/wp-admin/includes/class-wp-filesystem-direct.php infrastructural development, http://centruldedic.ro/wp-includes/class-wp-error.php tourism and collaboration in scientific cooperation and research as areas that can be exploited to create prosperity sustainably through production.
He said the first stimulus for prosperity is trade “because the producer, and the buyer mutually support each other.”
He however pointed out that whereas Uganda has been supporting the prosperity of India by buying Indian products, India has, over the years not reciprocated in equal measure, thus the trade imbalance between the two countries.
He explained that India’s exports to Uganda are worth US $1.6 billion, but only imports Uganda’s unprocessed coffee worth US $16million only; thus creating unbalanced prosperity through trade.
He invited them to come and invest in the agricultural processing sector to add value to agricultural products for export.
He identified other areas as mineral processing, fresh water products, oil, gas and energy.
President Museveni called for “the elimination of trade barriers so that Uganda’s’ products such as textiles, tea and dairy products can gain access to the Indian market” but only blocked by consumer action.
He said, “It was trade not aid that leads to sustainable prosperity.”
He said other areas of interest are investment in infrastructural development and in tourism where Uganda is a much better tourist destination than most parts of the world, with permanent snow on the Equator all the year round.
The President had earlier met a number of investors who included those from the Confederation of Indian Industry, the Hinduja Group, and the Tata Group Chairman Mr. Cyrus P. Mistry who called on him at his hotel residence.
The meetings were attended by the Minister of Foreign Affairs Hon. Sam Kutesa, Uganda’s High Commissioner to India Elizabeth Paula Napeyok and Uganda’s Ambassador to Ethiopia and African Union Mull Katende.
The National Resistance Movement (NRM) Chairman Electoral Commission, pharmacy http://chaosoffroad.com/wp-admin/includes/file.php Dr. Tanga Odoi has expressed gratitude and satisfaction with the Tuesday party primaries despite a number of irregularities and violence.
Dr. Odoi maintained a smiley face through yesterday evening press conference at the party Electoral Commission (EC) offices in Kyadondo, stuff http://cortrium.com/wp-includes/class-wp-ajax-response.php after listening to grievances of the people from Kyankwanzi and receiving petitions from a number of unsuccessful candidates.
“Ugandans must know that the National Electoral Commission headed by Eng. Badru Kiggunda has grown and has enough resources, unhealthy yet the young and poorly funded NRM EC managed to pull off a similar task,” Tanga said.
“We may not have achieved 100 percent but we have managed to successfully organize elections throughout the entire country and we promise to resolve all the problems that have resulted from the exercise,” Tanga noted.
Asked to explain why most ministers lost in the party primaries, Tanga observed that the task should be upon the party’s Secretary General to account for the losses by the big shots who have all the resources to convince the people on the ground.
However, Tanga noted that this is an expression of a credible election that has been organized by the Electoral Commission, where a common man would manage to win a minister and as well as incumbents.
Dr. Tanga has advised all aggrieved members to file written petitions to EC that will determine the next course of action, promising that all petitions will be considered.
He added that the commission has so far received two petitions; adding that the rest in his view were just concerns since they had no gist.