Diplomacyindia.com


India willing to address trade deficit with Uganda: Modi

July 25
14:14 2018

Kampala, July 25 (IANS) Indian Prime Minister Narendra Modi on Wednesday said that his country is willing to address the current trade imbalance with Uganda.

“If I compare India-Uganda trade ties, I can see that we are in a win-win situation,” Modi said while addressing the Uganda-India Business Forum here.

“But we are falling short and to correct that we need to strategise,” he said.

Stating that Ugandan President is right in saying that there is trade imbalance between India and Uganda, the Prime Minister said: “India is willing to take steps to address the trade deficit between India and Uganda.”

He exhorted the business community to fully exploit the favourable conditions for doing business between India and Uganda.

“India is ready to work with Uganda in the fields of capacity building, human resource development, skill development, innovation and also in adding value to the abundant natural resources available in this country,” Modi stated.

He also stressed on innovation saying that without this the world cannot go ahead.

“Uganda can go ahead if the youth of Uganda and India work together,” he said, adding that the East African country can play an important role in the overall development of Africa.

On his part, Museveni, while exhorting the business community from both countries to tap the opportunities available for enhancing trade and investment, said: “You are in the right place in the right time.”

Modi arrived here on Tuesday from Rwanda on the second leg of his five-day, three-nation tour of Africa that will also take him to South Africa.

This is the first Prime Ministerial visit from India to Uganda in over 20 years.

For Modi, this is his second visit to this East African nation after his visit in 2007 as Gujarat Chief Minister.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Social Icons

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on an eventful journey of Indian Passport through its serveral phases, fast expanding network of passport seva kendras, evergrowing numbers, citizen centric service & new Initiatives

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on safety & security features of the passport documents in an era of digitalisation his cherished moments & milestones as “Passport Man” of India tranforming the entire passport landscape.

Diplomacyindia.com Video Interview : Mrs. Reva Ganguly Das (IFS) Director General, Indian Council of Cultural Relations Speaking on Yoga Day Celebrations

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on the journey of ISA so far, guiding principles, vision & priority areas & programmes for ISA.

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on expanding rank of international solar alliance & opening the membership to the countries beyond tropics.

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H.E. Mr. Jozef Drofenik speaking on Bilateral Relations and Trade between India and Slovenia

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H. E. Mr. Jozef Drofenik speaking on Tourism in Slovenia

Pictures of Formal Launch of Website Diplomacyindia.com

Knowledge Partner

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP Facebook Auto Publish Powered By : XYZScripts.com