Tanzania invites Indian investment in agri, other sectors

Inviting investors to his country, Tanzania President today said India can explore investments in various sectors in the African nation.
Tanzania offers a positive, peaceful, stable, predictable and competitive ecosystem to foreign investment community, Tanzania President Jakaya Mrisho Kikwete said here.
He was speaking at the 'India-Tanzania Trade & Investment Forum' organised by FICCI in association with CII and ASSOCHAM here.
India could explore investment opportunities in many sectors including agricultural and livestock development, natural resources, tourism, manufacturing, oil and gas exploration and production and mining, he said.
Kikwete also said that the government recognises the importance of private sector as engine of growth.

"The investment regime of the country presents free repatriation of capital and the ability to externalise profits by putting fewer restrictions on capital movements," he said.

Speaking at the same event India's Minister of State for Agriculture Mohanbhai Kalyanjibhai Kundariya said India and Tanzania have enjoyed a great relationship for a very long time.
India would support Tanzania in its development endeavour, which would further strengthen the link between the two nations, Kundariya added.
"...In 2014-15, India exported USD 62.72 million agricultural produce to Tanzania, which mainly consisted of sugarcane, sugar, rice and ethanol. Tanzania is also home to thousands of persons of Indian origin, which also shows the vibrant relation that the two countries share," Kundariya said.

The President was accompanied by a business and government delegation from Tanzania.