Uganda, in partnership with Equity Bank, has hosted a visiting delegation of 18 Indian business leaders under their umbrella, the Confederation of Indian Industries (CII), at the Kampala Serene Hotel.
In the ongoing India-Uganda trade mission happening from October 22-23, 2024, attended by the Vice President of Tata Motors, the CEOs of Aptech, Ashol Leyland, and Airtel will discuss expanding bilateral trade between Uganda and India and exploring opportunities for investment and collaboration with Ugandan businesses.
The event will also provide a platform for Ugandan entrepreneurs and business leaders to engage directly with top executives from prominent Indian companies, including Tata Motors and Ashok Leyland.
The India-Uganda trade mission is organized under the theme “Facilitating Partnerships for Sustainable and Inclusive Growth.” The two-day event aims to foster collaboration across multiple sectors such as agriculture, ICT, health, infrastructure, and transport.
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According to the Equity Bank’s statement, attendees will have the opportunity to engage in high-level discussions with Indian business executives, government officials, and Ugandan ministers to explore investment opportunities and areas of mutual interest.
“The Confederation of Indian Industries (CII), a leading industry organization with a history of over 125 years, is playing a pivotal role in facilitating the event. CII is known for its efforts in transforming India’s industrial landscape and strengthening global linkages. Its focus for 2024–25, under the theme “Globally Competitive India: Partnerships for Sustainable and Inclusive Growth,” aligns with the goals of the upcoming trade mission, which aims to enhance India’s competitiveness while fostering strategic international partnerships,” the statement read.
It should be recalled that in 2019, Indian investments in Uganda reached $500 million, making India one of Uganda’s top investors. Bilateral trade between the two countries stood at $1.3 billion, with key exports from India including pharmaceuticals, automobiles, and textiles, while Uganda exports tea, wood, and related products to India.
