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“Environment first,” President welcomes smart investments

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State House, Entebbe – President Yoweri Museveni has expressed his support for investments in Uganda that not only boost the local economy but also protect the environment and minimise waste.

President Yoweri Museveni on Wednesday met and held talks with a group of India based entrepreneurs and discussed investment plans that will position Uganda as a gateway to Africa through investments in environmentally friendly industrial parks. 

During the meeting that took place at State House Entebbe, the India delegation led by the director of the companies, Keravit Group, Nilesh Jetpariya, informed the President that the group comprised experts in using by-products of oil and clay among other materials. 

The Indian entrepreneurs that met the president included; the Director Keravit Group and Senior Vice Chairman Capexil under Ministry of Commerce, Government of India and Vishal Acharya, Founder & Director, Rising Venture Services, supported by the team of Directors of Spike Holdings Uganda Ltd.

They informed President Museveni that their target is to come and establish their industry as a base in Uganda with a mission of supplying entire Africa. 

“We want to make in Uganda, make for Uganda and export for Uganda,” Mr Nilesh said.  The multi-sectorial investment has the potential to the tune of $60 million to build industrial clusters in Uganda. 

President Yoweri Museveni meeting Indian Investors who want to set up series of manufacturing units of ceramics and plastic in Uganda

The President directed Evelyn Anite, the state minister for Investment and privatisation to offer all the support required for the Keravit team to do their business in Uganda in a cost-effective manner and to set up the manufacturing in cognisance of the environmental protection laws in Uganda. 

He was happy to know that the sectors being targeted are zero waste and some even use the pollutants like plastic as one of the raw materials for manufacturing which will end up reducing the pollution in Uganda.

Anite said the investment which is to be done in various phases namely; Ceramic tiles, Poly packs (packaging), Paper mill, wooden ply and wall clocks. The plan is to bring 15 companies from India to set up production facilities here and to create employment for the locals especially women in many cases to support the local economy. 

Earlier, President Museveni met a group of investors under their company Simi Mobile Uganda Ltd who briefed him about their operations and progress registered since they started their work in Uganda in 2019. The President directed that their operational issues be addressed for the smooth running of the company. 

The meeting was also attended by Nusura Tiperu Uganda’s Ambassador to Ankara among others.