Dar es Salaam, December 05, 2019- The India - Tanzania Business Forum was held in Dar Es Salaam, Tanzania on 5-6 December 2019. The forum was organized by the Confederation of Indian Industry [CII] with support of Ministry of Commerce and Industry, Government of India and Minister of Industry and Trade, United of Republic of Tanzania. Hon. Innocent Lugha Bashungwa, Minister of Industry and Trade, United of Republic of Tanzania was the Chief Guest at the Inaugural Session of the Forum while H. E. Mr. Sanjiv Kohli, High Commissioner of India to the United Republic of Tanzania was Guest of Honor.

The event also attracted senior officials from Ministry of Commerce & Industry, Government of India which led the Indian Business delegation. The participation from India was equally encouraging with senior representatives from the Indian Industry including manufacturers, EPC Contractors, Consultancy firms from sectors like Agriculture & Food Processing, Infrastructure & Construction, Power & Energy, Healthcare & Pharmaceuticals amongst others. The main objective of the Business Forum was to provide an opportunity for members to meet and interact with potential partners for expanding their business in both countries, both in terms of trade and investment. The Forum has facilitated interactions with various stakeholders – Government and Business in the country and also provide platform to showcase the capabilities of the Indian companies.

India and Tanzania share a vibrant economic, commercial and business ties. India is the largest trading partner of Tanzania comprising 16% of Tanzania’s foreign trade. India is also among the top five investment sources in Tanzania. Major Indian companies and brands present or operating in Tanzania include Bank of Baroda, Bank of India, Canara Bank, Tata International Limited, Bharti Airtel, National Mineral Development Corporation, Tanzindia as joint venture of insurance companies (LIC, NIC, United India, etc), Kamal Group of Industries, Larsen & Toubro, Godrej, Afcons, Kalpatru and several automobile companies.

Tanzania’s major exports to India include gold dore, cashew nuts, pulses, timber, spices (mainly cloves), ores and metal scrap, gemstones, etc.

India’s major exports to Tanzania include petroleum products, pharmaceuticals & chemicals, motor vehicles, electrical goods, articles of iron & steel, sugar, machinery, etc. The visit is aimed to provide opportunity for the members to explore new business opportunities in the country and interact with local businesses and Government.

During the Forum, the delegates witnessed the exchange of MoUs signed between CII and TPSF and CII and SADC Business Council which aimed to promote trade cooperation and investment.

The Forum also focused on economic and commercial deliberations through Business to Government (B2Gs) and Business to Business (B2Bs) engagements. The forum served as a platform for Indian and Tanzania private sectors and key financial institutions to identify priority areas and special projects for Indian investment and partnership, with a long-term commitment to Tanzania.