Uganda invites investment in manufacturing facilities
Uganda's High Commissioner to India is inviting foreign investment in manufacturing, specifically in cotton spinning, iron and steel, and food processing. The country offers 100% foreign ownership and duty-free import of raw materials to boost its export sector.
Why it matters
This initiative represents an effort by an African nation to attract Indian capital and industrial expertise to diversify its economy and increase value-added exports.
Uganda is encouraging export of processed raw materials and wants other countries to set up manufacturing facilities in that country, said its High Commissioner to India Joyce Kakuramatsi Kikanfunda in Coimbatore city on Thursday (July 16).
The article reports on an investment pitch without bias or commentary.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in