INDIA — Uganda’s ambassador to India H.E Grace Akello has urged Indian investors to consider expanding their footprint in Uganda following the conducive business mechanisms that the government has put in place to ease doing business in the country.
Flanked by Miraj Barot, a renowned Ugandan real-estate Businessman, Akello who was speaking in Gujarat, India urged investors saying that this would be the right time to take advantage of the opportunities presented to them as compared to waiting for the future years.
The ambassador had paid a visit to Shri Satsangi Saketdham “Ram Ashram” Education Trust (SRI EDUCATIONAL CAMPUS) located at Vadasma in Mehsana district of Gujarat.
“This visit is a good opportunity to invite Indian investors to increase their investments in Uganda, our country is ready for foreign investment and we believe that now is the right time to so,” said Akello.
SRI group of institutes in collaboration with Miraj Barot recently expanded in the field of Ayurveda by setting up a 100 bed Ayurvedic Hospital, a college and manufacturing of generic medicines after the establishment of a pharmaceutical company and a research center.
On his part, Businessman Miraj encouraged his counterparts in the Asian country to explore investment opportunities arguing that investing in Uganda is a ‘sure deal’ to the success of their projects because of the prevailing excellent investment environment in the country
“Investors could take advantage of many business opportunities in Uganda in several sectors such as Agriculture, Infrastructure, Services, Health, Education, Energy, Mining, Transport, Tourism, Banking, ICT, among others’’, Miraj rallied investors .
He told the business team that Uganda is the right investment destination and boasts a skilled but cheap labor force, a large market from the East African region, Africa, the American market under AGOA and access to free markets in Europe.
Later, Akello discussed with managing trustee, Dr.Bharat Rao of SRI group about the potential partnerships that can be developed in these fields that can benefit the students and pharmaceutical industry both in India as well as Uganda.
She also visited several companies of Micro Small and Medium Enterprises (MSME) sector in Gujarat during her visit.
Miraj Barot is a celebrated Ugandan Businessman and joint managing director at Tirupati Group Limited (TGL), a privately owned real estate development and Construction Company in the East African country, the third-largest economy in the region.
Prior to developing and constructing real estate projects, TGL has several non-real-estate related subsidiaries, including ; Bio-Waste Management Limited – A company that collects and disposes of bio-medical and pharmaceutical waste in an environmentally friendly and safe manner. Offices and disposal facilities located 30 kilometres by road, northeast of Kampala.
Others include Tirupati Agricultural Development Limited – An agribusiness that operates a demonstration farm on 400 acres and maintains a sugarcane plantation on the adjacent 2,500 acres Crops on the demonstration farm include pineapples, maize and onions situated in Kayunga District.
TGL has over years developed the following real estate projects including; Namanve Shopping Center, Tirupati Bukoto Shopping Mall, Marina Portbell Apartments ,Tirupati Heights, Tirupati New Mazima, Tirupati Towers, Bugolobi Apartments, Mazima Shopping Mall I and Mazima Shopping Mall II.
Other developments are; Tirupati Half London- Kabalagala, Nkumba University Hostel, Owino Market- Kisenyi, Miami Villas-Luzira, Tirupati House Kamwookya, and Tirupati Bujumbura Shopping Center (Burundi).
Ten years ago, Tirupati was recognized for ‘Introduction of a Novel and Competitive Product in East African Region’, during the 16th Annual Investor of the Year Award Ceremony held by the Uganda Investment Authority in Uganda.