President Yoweri Kaguta Museveni has appealed to Ugandans especially the politicians and public servants not to frustrate investors since they are very crucial in Uganda’s progressive Industrialisation agenda.

“My appeal to Ugandans especially politicians and the public servants is to understand the role of industrialization but also understand the role of investors; don’t waste their time,” President Museveni asserted.

The President made the remarks today as he commissioned the new Tororo Cement vertical rolling mill plant in Tororo District.

He explained that once the investors are welcomed and supported, they will contribute a lot to the development of Uganda.

“Wasting their time is nonreligious, support them so that they move quickly because we have nothing to lose but everything to gain. This factory here is not in India but in Uganda, it is employing our people here, using our electricity, water, and even if he takes the profits away, it will be only 10 percent of the value of the earnings,” President Museveni noted.

The President commended the Chairman of Tororo Cement, Hasmukh Kanji Patel and his team, for their enormous contribution towards the economy of Uganda.

The President also noted that although Tororo Cement Ltd is owned by an Indian, it’s now part of Uganda’s Gross Domestic Product (GDP).

“Ugandans should stop saying Indian factory, no this is not an Indian factory, these factories here are Ugandan factories regardless of who has built them. This is what GDP means.

GDP is different from Gross National Product (GNP) which traces the wealth owned by citizens but all these powerful countries in the world are powerful because of bigger GDP.

For example the GDP of United States is 25 Trillion US dollars and much of that GDP is owned by Japanese, Arabs and so on but it gives the power to USA not to the countries of origin of the investors because this tax money is not going to India but coming to us,” he emphasized.