Published On: 2015-06-24

June 24,2015-ASSOCHAM co-organized “India-Tanzania Trade & Investment Forum” on 18^th June, 2015 at New Delhi, in honour of the visit of H.E. Dr. Jakaya Mrisho Kikwete, The President of United Republic of Tanzania.  

ASSOCHAM inked a Memorandum of Understanding with Tanzania Private Sector Foundation (TPSF) in presence of H.E. Mr. Abdallah Kigoda (MP), Hon’ble Minister of Industry and Trade, Tanzania, on the sidelines of this visit. The MOU was signed by Mr. Ambuj Chaturvedi, Chairman, India-Africa Business Promotion Council, ASSOCHAM & Executive Director, Overseas Infrastructure Alliance (OIA).

President of Tanzania is on an official business tour to India from 17^th to 21^st June 2015.The President is accompanied by a High Level 70 member Official and Business Delegation from Tanzania.

During a Keynote address at India-Tanzania Trade & Investment Forum, Dr. Kikwete mentioned that the investment regime of the country presents free repatriation of capital and the ability to externalize profits by putting fewer restrictions on capital movements and government recognizes the importance of private sector as engine of growth. Dwelling on Tanzania’s efforts to become a middle income country by 2025, the President said that a long term plan was finalized by the government for the period 2010-2025.

Also the Forum was graced by Shri. Mohanbhai Kalyanjibhai Kundariya, Hon’ble Minister of State for Agriculture, Government of India, who said that in 2014-15 India exported US$ 62.72 million agricultural products to Tanzania,       which mainly consisted of sugarcane, sugar, rice and ethanol and Tanzania is home to thousands of persons of Indian origin, which further shows the vibrant relation that the two countries share.

The Meeting was chaired by Mr. Ambuj Chaturvedi, Chairman, India-Africa Business Promotion Council, ASSOCHAM & Executive Director, Overseas Infrastructure Alliance (OIA), who in his address said that he is optimistic that the increasing convergence of interests, values and ‘Win-Win’ opportunities that India Africa joint partnership can offer,             will be crystallized during the upcoming 3^rd India-Africa Forum Summit, New Delhi later this year. He also congratulated The President, for completing 10 glorious years of your tenure as the President of United Republic of Tanzania, this     October and also for his initiative of constructing standard gauge railway project of USD 14 billion from Dar-es-salaam to Rwanda and Burundi in next five year. He also shared that the vision of this Council is: “to take Indo-African Relationship          to its zenith by synergizing African resources and Indian expertise”

The Forum had participation by more than 400 participants from India and Tanzania.