Speech By Honourable Charles J. P. Mwijage, (MP.), Mnister For Industry, Trade And Investment At The Opening Ceremony Of The India-Tanzania Business And Investment Forum Held At New Delhi, India On The 30th August, 2017.

Honourable Nirmala Sitharaman, Minister of State for Commerce & Industry (Independent charge), Government of the Republic of India;

Mr. Manoj Dwivedi, Joint Secretary, Ministry of Commerce and Industry, Government of India;

Eng.Joseph Malongo, Deputy Permanent Secretary, Ministry of Industry, Trade and Investment, in Tanzania;

Mr. Bakar H. Bakar, Principal Secretary, Ministry of Trade, Industry and Marketing, Revolutionary Government of Zanzibar;

Outgoing Dean of the Diplomatic Corps in India,

Mr. Godfrey Simbeye, Executive Director, Tanzania Private Sector Foundation (TPSF);

Dr. Samuel Nyantahe, Chairman of Confederation of Tanzania Industries (CTI);

H.E. Baraka H. Luvanda, High Commissioner of Tanzania to India;

Distinguished Business delegates from India and Tanzania;

Distinguished Government Officials from India and Tanzania;

Members of the Press;

Ladies and Gentlemen.

Good morning!
Excellencies, Ladies and Gentlemen,

It is indeed my great pleasure to have this opportunity to address this important group of business people from both our two countries, India and Tanzania. I thank the Government of India for the organisation, reception and the good hospitality shown to our delegation since we have arrived in this incredible country. Your good organisation of our trip has facilitated these business people to start to interact even before arriving here in New Delhi. In addition, I, myself, have been witnessing a number of business meetings for the past two days happening here in Ashok Hotel. This gives me the motivation and confidence that, today, in this group, we will be able to realise a number of practical business deals for the betterment of both our countries.

Excellencies, Ladies and Gentlemen,
Let me stress that since the establishment of diplomatic relations in 1961, Tanzania and India have maintained sound diplomatic relations. Economically, we have been traditional trading partners because we have same historical background. Our merchants have traded since early nineteenth century. And, the vast stretch of Indian Ocean has kept our societies and our people connected.

Let me, therefore, on behalf of the people and the Government of Tanzania, convey to you, our sincere gratitude and appreciations to the Government of India for agreeing to host our 4th Joint Trade Committee (JTC) meeting which ended yesterday. One of the goals in JTC is to deepen our trade and investment partnership by encouraging greater industry to industry ties. That’s the reason our two Governments agreed to have this forum so that we provide the opportunity for Private sector from our two sides to meet, exchange ideas and also to post their enquiries regarding investment to Government institutions which are available here.

Ladies and Gentlemen,

On that note, let me offer my sincere appreciations to the organisers of this Forum, namely; the Federation of Chambers of Commerce of India (FCCI), Tanzania Investment Centre (TIC) and other organisations which have made this event possible. In particular, I congratulate you all for the good organisation of this magnificent forum.

Ladies and Gentlemen,

Our delegation is comprised of both Public officials and Business persons as you have just listened to the address given by the Executive Director of Tanzania Private sector Foundation (TPSF). Later on you will hear a closing remark from Tanzania Confederation of Industries (CTI). This is a testimony that, in Tanzania there is a strong and healthy Public Private Dialogue and cooperation. From the outset, therefore, let me welcome all Indian business persons to come and explore business opportunities in Tanzania.

Ladies and Gentlemen,

Tanzania is no doubt, a great place to invest in Africa. For over the past decade we have put in place the most conducive investment environment you can think of. We have widely opened our doors for anyone interested to bring his money and do business with us in Tanzania. There are no restrictions or preconditions attached.

Moreover, as you have might heard the current 5th Government headed by His Excellency, President Dr. John Pombe Magufuli, has simplified bureaucracy and undertaken economic measures which have been commended by both the World Bank and the IMF. Investors interested to set up their business in Tanzania are facilitated in key issues related to company registration, immigration, labour, land, tax and business license through a one stop shop at Tanzania Investment Centre (TIC).

As you may be aware, the current fifth phase Government is implementing the Second Five Year Development Plan covering the period 2016/17 to 2020/21. The plan’s objectives are to mobilize and organize resources strategically dedicated to nurturing Tanzania’s industrialization for economic transformation and human development. This aims at transforming Tanzania into a semi-industrialized nation by 2025; accelerate economic growth while making sure that the quality of that growth will benefit the majority of the people in terms of significant poverty reduction and job creation especially for the youth and women; and foster and strengthen implementation effectiveness.

Priority interventions geared at nurturing an industrial economy include heavy investment in energy and strategic transport infrastructure projects, Reviving non performing Factories, advancement of natural resource-based industry, geographical advantage-based industry and labour endowment-based industry to take advantage of abundant and relatively low-cost youthful labour. Other areas include light manufacturing, ICT Based Industry and Technological Adaptation and Urban Industry to take advantage of the potential of growing urban centres.

Excellencies, Dear Friends,

It is clear that, our industrialization plan offers massive business and investment opportunities in so many areas for Indian companies. Most of these sectors, you the Indian companies have the capacities to serve our market. Let me assure you that Our two Governments will continue to cooperate and interact with you to ensure that there are no obstacles into your endeavours.

Ladies and Gentlemen,

Let me conclude by saying the following. First, Tanzania meaning both Zanzibar and Tanzania Mainland is ready to do business with you. Our doors are wide open. Secondly, Tanzania have everything that you need to look for in taking a decision about where to invest: conducive business environment, political sound economic policies, macro-economic stability, abundant natural resources, relative educated labour-force, a sizeable and captive market because of Tanzania's unique geographical location. Above all, the government is facilitative. The list is long, I can hardly exhaust it. As mentioned earlier these will be elaborated further in the course of your discussions by the representatives of the Tanzania Investment Centre (TIC) and Government agencies which are here today.

After those many words, I declare the Indian – Tanzania Business and investment Forum is officially open. I thank you for listening and wishing you very successful B2B session.

Welcome to Tanzania – come grow with us!