- Indian industry seems to be upbeat about the business opportunities in Tanzania after the leadership change in the country.
- President Samia Suluhu Hassan’s pro-business sentiments, has made Tanzania more business friendly.
Indian industry seems to be upbeat about the business opportunities in Tanzania after the leadership change in the country. President Samia Suluhu Hassan’s pro-business sentiments, has made Tanzania more business friendly.
Data from the Indian High Commission in Dar es Salaam show that India’s trade with Tanzania recorded an increase of11.2 percent. India’s major exports to Tanzania include petroleum and oil obtained from bituminous minerals, medicament, cane or beet sugar, electrical transformers, static converters and inductors as well as motorcycles and cycles fitted with an auxiliary motors. Tanzanian exports to India are mainly dried leguminous vegetables, cashew nuts, gold, cloves and timber. Bank of Tanzania (BoT) data show that the value of Tanzania’s exports of goods and services to India ro Sh1.214 trillion in 2021 from Sh1.212 trillion in 2020.
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According to the Indian High Commissioner to Tanzania, Mr Binaya Srikanta Pradhan, the High Commission has received major queries from Indian businesses to expand their operations in Tanzania. The focus sectors included energy, seaports, health – including specialised health-care – agriculture, manufacturing, education, oil and gas and agriculture, etc
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In the health care sector, he reported that some hospitals were exploring to establish super specialty hospitals and pharmaceutical plants in Tanzania. Tanzania continues to be one of the favourite tourist destinations of Indians.
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