Members of the Federation of Indian Chambers of Commerce and Industry (FICCI), a non-governmental trade association and advocacy group based in India, have expressed their interest in investing in Uganda.

The FICCI delegation is in the country to evaluate and identify possible areas of cooperation and investment. On Thursday, the Uganda Investment Authority took them on a guided tour of Namanve Industrial Park.

Muhangi Martin, the Director of Investment Promotion and Business Development at Uganda Investment Authority briefed the delegation that the government of Uganda created 25 industrial parks around the county to stir industrial output & growth.

“The park program’s objectives are to foster sustainable development & Agro production in the key areas of the economy. Uganda Investment Authority is seeking partners who share these objectives” Muhangi informed the delegation.

Alex Nuwagira, the Project Manager of Namanve Industrial Park highlighted that some of the existing infrastructure in the country to support investment are tarmacked roads, surveyed land, national water, internet, power substations in all industrial parks, and others.

Santosh Mathew, the Head of the Business delegation under FICCI, stated that they are keen to invest in sectors like agriculture, food processing, farm mechanization, manufacturing, ICT, health & pharmaceuticals, textiles, energy, electric vehicles & mobility & tourism.