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President of Tanzania Offers Positive, Peaceful, Stable, Predictable and Competitive Ecosystem to Indian Investors



President of Tanzania offers Positive, Peaceful, Stable, Predictable and Competitive Ecosystem to Indian investors


June 2015


New Delhi, India


Dr. Jakaya Mrisho Kikwete, President of The United Republic of Tanzania, at the 'India-Tanzania Trade & Investment Forum' organized by FICCI in association with CII, ASSOCHAM and Tanzania Investment Centre stated that the Government of Tanzania offers a positive, peaceful, stable, predictable and competitive ecosystem to foreign investment community. Tanzanian government recognizes the importance of private sector as the driver and engine of growth. The investment regime of the country presents free repatriation of capital and the ability to externalize profits by putting fewer restrictions on capital movements. The President, on a State visit to India, is accompanied by a business and government delegation from Tanzania.Dr. Kikwete added that India could explore investment opportunities in sectors such as agricultural & livestock development, natural resources, tourism, manufacturing, oil and gas exploration and production, mining, real estate, transportation, services, ICT, telecommunications, healthcare , education, energy and water and sanitation.

While introducing the high-powered delegation accompanying the President of Tanzania, Ms. Juliet R Kairuki, CEO, Tanzania Investment Centre, said that the visiting delegation's focus was on promoting investment and trade opportunities that were ready to be explored in Tanzania. She added that Tanzania ranks among the 20 fastest growing economies in the world.

Mr. Mohanbhai Kalyanjibhai Kundariya, Minister of State for Agriculture, Government of India, said that India and Tanzania have enjoyed a great relationship for a very long time. He added that India would support Tanzania in its development endeavor, which would further strengthen the link between the two nations.

Mr. Ambuj Chaturvedi, Chairman, India-Africa Business Promotion Council, ASSOCHAM & Executive Director, Overseas Infrastructure Alliance (OIA), said that 2015 promises to be a year of a new beginning with a multi-faceted India-Africa engagement. Many countries may have higher bilateral trade with Tanzania, but what sets apart India is the focus on innovative capacity building programmes, employment generation, self-sustainability and deployment of ICT, the country's forte, to help build a knowledge economy in the African continent, especially in Tanzania. He added that the increasing convergence of interest, values and 'Win-Win' opportunities that India-Africa joint partnership can offer will be crystallized during the 3rd Indian-Africa Forum Summit, to be held later this year in New Delhi.

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