Indian investors eye Rwanda opportunities

Fernandes (L), Haresh Mehta (C) and Harresh Mehta will be in the country under the platform, India - Rwanda Show 2013.

A delegation of Indian investors will today jet into the country to explore potential investment opportunities.

According to Clarence Fernandes, the representative of Rwanda Development Board (RDB) in India, the team will be in the country under the platform India - Rwanda Show 2013 and they will tour potential areas where they can invest their money.

The delegation has been co-organised jointly by Harresh N. Mehta and Haresh Mehta, the   managing director and director of Rohan Developers Pvt Ltd respectively.

Rohan Developers Pvt Ltd is a  real estate and infrastructure development company.

“Mehta has played a key role in the organisation of India Show 2013 and has brought together investors and businessmen from the US, Portugal, Dubai, Georgia , Tanzania, Mumbai, New Delhi, Jaipur and Hyderabad among others,” said Fernandes in a statement.

The group represent health care, education, manufacturing, mining, ICT, financial services, agriculture, tourism, hospitality and infrastructure sectors.

Great potential

Harresh N. Mehta said: “We have done adequate research and realised that Rwanda holds great potential for growth and development of various businesses. Our companies will bring in a multi-million dollar investment, given the business friendly environment that exists, coupled with good governance and zero tolerance to corruption.”

“The Rwanda Development Board has facilitated our Programme to a great extent and we are confident of establishing ourselves in the country during our  visit.”

Ernest Rwamucyo, Rwanda’s High Commissioner to India noted that the India - Rwanda Show 2013 will go a long way to further strengthen the already strong trade and investment partnership between Rwanda and India.

“Rwanda offers tremendous investment opportunities. I believe the business leaders participating in the ‘Show’ will have a fruitful interaction with their Rwandan counterparts which will lay a foundation for future business and investment partnerships,” Rwamucyo told The New Timesyesterday. 

He stated that Rwanda is committed to continue building a conducive business environment and the Indian business leaders will use the opportunity to tap into the country’s business potential.

Fernandes added, “We appreciate the pro-active initiative of Rohan Developers Ltd. and the associated companies and other firms that have supported the initiative.”

For the last few years, there have been significant business engagements between Rwanda and India.

Several Indian firms have started operations in Rwanda including telecom giants Airtel and Rajesh Exports, which acquired gold mining concessions, and plans to invest $550 million in mineral exploration, among others.