India, Dar cement business relations

The government through Tanzania Investment Centre (TIC) has signed a Memorandum of Understanding (MoU) with India's Gujarat region to cement investment and business ties between the two countries.

TIC Acting Executive Director Raymond Mbilinyi signed on behalf of the government while Principal Secretary to Chief Minister at Gujarat Girish Chandra Murmu signed for Gujarat region, with Tanzanian businesspeople and their Indian counterparts witnessing the signing.

"The MoU we have signed will yield business benefits for both sides," said Mr Mbilinyi, noting that Gujarat, found in the Western part of India, has advanced technologically in energy, agriculture, industry, oil and gas sectors, from which Tanzania seeks to benefit too.

Mr Murmu said Indian businesspeople were ready to work with their Tanzanian counterparts, "We have come to look for areas of cooperation where we can both benefit - this agreement allows Tanzanian firms to come and look for business opportunities in Gujarat."

A member of Tanzania Chamber of Industries (CTI), Dr Samuel Nyantahe underscored the need for the country to export processed and high valued products,"We have to make sure that we add value to our raw materials - that is when we will benefit out of the relationships."

TIC, CTI and Tanzania Chamber of Commerce, Industries and Agriculture co-organised the one-day meeting in Dar es Salaam to enable businesspeople deliberate on key business issues.

Source: The Daily News, http://www.dailynews.co.tz

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