Thursday , November 7 2024

Equity Bank Uganda customers to engage Tata, Ashok Leyland execs at Serena

 

Last year, India showcased knowledge and potential in the Solar & Power sectors. Indian top businessmen will be In Kampala again this week.

The Uganda-India trade mission will bring together high-level representatives from various sectors, including agriculture, manufacturing, ICT, health, infrastructure, roads and transport, to foster meaningful business engagements, explore investment opportunities, and promote bilateral trade.

Kampala, Uganda | THE INDEPENDENT | Kampala Serena Conference Centre will be the place to be for the next two days as a high powered delegation from India meets Ugandan businessmen and entrepreneurs courtesy of  Equity Group. The delegation of 18 top Indian business leaders includes the Vice President of TATA and the CEO of APTECH.

In a statement, Equity Bank Uganda said Equity Group had invited the Confederation of Indian Industries (CII) to attend the India-Uganda Trade Mission scheduled to take place from October 22 – 23, 2024, in Kampala.

This significant event organized by Equity Bank Uganda in collaboration with the Confederation of Indian Industries (CII), aims to strengthen trade relations and economic cooperation between Uganda and India. After a brief opening ceremony tomorrow, October 22, Equity Bank clients and stakeholders will have the opportunity to directly engage the visitors, to be followed by more discussions with government officials and ministers.

The trade mission will bring together high-level representatives from various sectors, including agriculture, manufacturing, ICT, health, infrastructure, roads and transport, to foster meaningful business engagements, explore investment opportunities, and promote bilateral trade.

The Trade Mission will run under the theme, “Facilitating Partnerships for Sustainable and Inclusive Growth”

Companies on the visit include leading Indian brands such as Aptech, Airtel, Ashok Leyland and Tata Motors.

Confederation of Indian Industry (CII) is a non-government, not-for-profit, industry-led, industry-managed organization that links business to governments.

Indian trade of over 18 will meet Ugandan entrepreneurs to discuss trade and opportunities

For more than 125 years, Cil has been engaged in shaping India’s development journey and works proactively on transforming Indian Industry’s engagement in national development. CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness, and business opportunities for industry through a range of specialized services and strategic global linkages.

For 2024-25, Cll has identified “Globally Competitive India: Partnerships for Sustainable and Inclusive Growth” as its Theme, prioritizing 5 key pillars. During the year, it would align its initiatives and activities to facilitate strategic actions for driving India’s global competitiveness and growth through a robust and resilient Indian industry.

India remains one of Uganda’s top investors, with investments totaling $500 million in 2019. Bilateral trade stood at US$ 1.3 billion, with India exporting pharmaceuticals, automobiles, and textiles, while importing tea, wood, and wood products from Uganda

Uganda and India have enjoyed cordial relations since India established its diplomatic presence in Uganda in 1965. The relationship between the two countries is built on historical cultural linkages, extensive economic and trade interests, and a shared commitment to democracy.

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