Govt pledges maximum cooperation to investors
The Permanent Secretary in the Ministry
of Industry, Trade and Investment, Prof Adolf Mkenda said in Dar es
Salaam that the government was keen to support investors in the various
sectors they have ventured as it regards them as catalysts for growth
and development.
In a speech read on his behalf by the
Deputy Permanent Secretary, Joel Malongo at the launch of a two-day
programme for promotion India- Tanzania food products, he said the
government was focused to promote investments in processing and
manufacturing sectors to provide market for the abundant raw materials
and boost earnings to farmers.
The two-day promotion programme was
organised by the Agricultural and Processed Food Products Export
Development Authority (ADEP) in collaboration with the High Commission
of India.
He said the government supported
industrial development as key driver for sustainable economic growth, in
this regard it was encouraging investments especially in processing and
manufacturing sector.
“Our government is welcoming all
investments from India and any part of the world which will add value to
the raw materials available locally in abundance by way of setting up
of processing industries,” he said “About 80 – 90 per cent of Tanzania’s
production of pulses is exported to India, there is a huge potential to
invest in agricultural farming in pluses and other products for
export,” he added.
Prof Mkenda further said the government
would continue with effort in securing favourable markets at national,
regional, continental and multilateral level which in fact facilitates
investment at all levels.
In his remarks, India high commissioner
to Tanzania Mr Sandeep Arya said his country was focused to cooperate
with every one as they seek to enhance bilateral relations and
strengthen economic well being at individual and communal level.
“I’m very glad to hear that this
bilateral trade has reached 3.7bn US dollars in 2014, the Tanzania
exports worth 1.3bn US dollars of which the export makes about 20 per
cent of the country’s global export,” he said.
He said Tanzania is a good place to
conduct developmental projects as it has supportive environment and
policies for both internal and foreign investor’s top different sectors.
“This country is ranked among the East
Africa fast growing economy and such, it presents a profitable emerging
market for India brands, the meeting is also aimed at broadening
thinking capacity of delegation from the two countries” he noted.
