(3 minutes read)
Fifteen Indian companies who were part of the recent business delegation to Tanzania spearheaded by India’s prominent ICT promotion body ‘The Electronics and Computer Software Export Promotion Council (ESC)’ have shown keen interest in investing in the Tanzanian ICT sector.
Fifteen Indian companies who were part of the recent business delegation to Tanzania spearheaded by India’s prominent ICT promotion body ‘The Electronics and Computer Software Export Promotion Council (ESC)’ have shown keen interest in investing in the Tanzanian ICT sector.
Tanzania Investment Centre (TIC) Investment Officer Elizabeth Muzo told Indian investors that TIC has created a conducive and friendly environment for all investors to inject their capital. The government has established the ‘one-stop centre’ responsible for facilitating registration, licensing, and approval of documents, this aims to fast-track the availability of all necessary requirements for investment.
Tanzania provides a vibrant investment climate including good governance, a stable economy, a skilled labour force, and abundant natural resources. The government has also introduced a special electronic window for accommodating all the necessary documentation online.
The ESC’s Regional spokesperson stated that Indian businessmen are delighted to invest in technology and software development in the country in order to encourage the development of ICT and enhance the digital economy.
The ICT industry helps to achieve social sustainability by improving the way societies and governments provide education, health care, and services to citizens. The ICT industry is changing the way people interact with each other, creating longer-term and largely positive changes in a variety of areas.
The Tanzania Commission for Science and Technology (COSTECH), Director General, Dr Amos Nungu, said the Indian investors are welcome to invest and the country still needs more investors in the technology space. The exchange of skills and knowledge from other experienced partners is vital for economic development.
Read Also:
https://trendsnafrica.com/indian-ict-business-delegation-to-kenya-tanzania/
https://trendsnafrica.com/india-tanzania-bilateral-trade-hits-us-6-4-billion/
https://trendsnafrica.com/tanzania-uganda-in-ict-infrastructure-sharing-deal/
India-Tanzania bilateral trade reached $6.4 billion, with Tanzania being described as the focal point of India’s relations with the African continent. The Indian-assisted development projects being undertaken in Tanzania are valued at US $1.2 billion. For the last two consecutive months, India has been among the top three major sources of Foreign Direct Investments (FDIs) in the country.
