Invest in food processing- President asks UK group

Sunday 6th July 2014

President Yoweri Museveni has called on the UK-based Hinduja Group to undertake investments in fruit and maize processing in Uganda through establishing a fruit processing factory and maize mills in order to process what famers are producing.

He also called on the Group to provide market for the famers to sell what they have harvested.

"I encouraged my people to grow fruits and maize that need processing and marketing so they earn from the value chain,” he said.

The President was yesterday meeting with a delegation from the Hinduja Group who called on him at State House, Entebbe. The visitors were led by the Company President Mr. Rakeshh Gupta.

The President told his guests that Uganda grows a variety of fruits such as pineapples, mangoes and oranges, among others that require immediate processing.

He also called on Hinduja Group to establish iron processing factories in the country to manufacture high quality steel and participate in the manufacture of cement.

He said that the two products are needed for use in the construction works for heavy gauge railway line and dams in Uganda.

The President also informed the group that another area open to investing is water transport.

He called on the Group to take advantage of the business opportunities available in Uganda which is part of the common market of Eastern Africa, the African continent as well as the wider world market to sell what they will have processed in Uganda.

On behalf of the Group, Mr. Rakesh Gupta assured President Museveni that they are going to undertake a feasibility study in the country to establish where they can set factories.

He also pledged the Group's commitment to attracting various other businesses to come to Uganda and participate in the country's economic development.

Mr. Gupta disclosed that they are also interested in investing in transport services, ICT, road construction and solar energy, among other projects in line with the guidance that the President gave them.

Multi-billion diversified Hinduja Group, which also operates in USA, was founded by philanthropist Parmanand D. Hinduja who encouraged trade activities in the Indian Sub-continent, with the objective of investing globally in the provision of strategic support to independent professional managers.

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