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Rwanda seeks more Indian investments in the country

Rwanda is inviting more foreign direct investment (FDI) from India to boost the country’s growth, following the signing of bilateral cooperation between the two countries at the sidelines of the 8th Vibrant Gujarat Summit, a global business forum in India.

The bi-annual summit which opened Tuesday is an INVESTMENT PROMOTION platform aiming towards inclusive and sustainable development is held under the theme: "sustainable economic and social development".

It has convened together heads of state and governments, policy makers, heads of multinational companies, academicians and experts, as well as major Indian companies.

According to a statement released by the office of the Rwanda government spokesperson, Rwanda is looking for more Indian investments for mutual benefit of the two nations.

"Mindful of shared common values and mutual respect for each other, sharing the common goal of rapid economic development and promotion of investments in mutually beneficial projects is central towards strengthening relations between Rwanda and India," said the statement.

Rwanda president Paul Kagame who is in India for the Gujarat Summit emphasized the need for more investments from the Asian nation to boost the growth of various sectors of the Rwandan economy.

"India’s long tradition of successful businesses is a good match for the ambitions and opportunities available in our countries. Trade between India and Rwanda is growing. But there is much more potential for investment and joint ventures," Rwandan leader said in a statement released on Tuesday.

Kagame added that the small central African country is looking forward to more activities, including the launch of RwandAir direct flights to Mumbai in a few months.


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