Thanks For Being Pro-Dev’t, Now Shift Your Investment Focus To Manufacturing Fertilizers-Museveni To Indians

Thanks For Being Pro-Dev’t, Now Shift Your Investment Focus To Manufacturing Fertilizers-Museveni To Indians

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By Spy Uganda

HE Yoweri Kaguta Museveni has hailed Indians community in Uganda for boosting country’s development through investing in various fields.

Museveni made the remarks at the Afro-Indian Investment summit held at Speke Resort Munyonyo on Thursday, 17th November 2022.

The event was attended by tycoon Sudhir Ruparelia, was organized as a precursor of the centenary celebrations of the Indian Association in Uganda.

Tycoon Sudhir Ruparelia

 

“This event is a testimony of NRM’s reconciliation role towards development and transformation,” said Museveni.

He criticized former President Idi Amin Dada’s 1972 move of expelling all Asians out of Uganda saying this was ill decision.

“President Idi Amin expelled Asians from Uganda, we must never forget this forced expulsion and shameful chapter of Uganda’s past: a warning from history to the world of what can transpire when there are no checks or balances on the whims of those who hold power,” said Museveni adding;

“When we came into government, we found some Africans sitting on Indian properties about 8,000 of them. I told these people, to get out of these shops because it was not only unnecessary to take their property but immoral and ill-advised.”

Museveni said Uganda’s relationship with the Indians was a symbiotic one, and non-wealth creators adding; “Amin needed spectacles to see this. We would sell them milk, bananas, hides and skins etc, and then they would bring sugar, salt, textiles, paraffin etc. How was this exploitation?”

Meanwhile, Museveni noted that Uganda needs value addition for Agricultural products hence calling up on Indians to fill the gap.

“I am therefore calling upon them to invest in untapped areas like fertilizers which have become expensive as a result of the Russia-Ukraine standoff,” said Museveni.

He added, “Most importantly, just like the theme of this event; Uganda is Peaceful, Pleasant, and Profitable. We have a ready market for products and the government is doing its part to reduce the cost of production by modernizing the infrastructure, & improving transportation among others.”

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