Businessman Miraj Barot, the managing director of Tirupati Group, a conglomerate that has business interests in real estate, manufacturing, agriculture, and steel fabrication, teamed up with Uganda’s ambassador to India H.E Grace Akello to invite investors in India to Uganda.
“Investors could take advantage of many business opportunities in Uganda in several sectors such as Agriculture, Infrastructure, Services, Health, Education, Energy, Mining, Transport, Tourism, Banking, ICT, among others,’’ Miraj told Indian investors.
He told investors that Uganda is the right investment destination and boasts a skilled but cheap labor force, a large market from the East African region, Africa, the American market under AGOA, and access to free markets in Europe.
Miraj together with HE Akello was in Gujarat, India to visit Shri Satsangi Saketdham “Ram Ashram” Education Trust (SRI EDUCATIONAL CAMPUS) located at Vadasma in Mehsana district of Gujarat.
HE Akello, like Miraj, urged investors in India saying that this would be the right time to take advantage of the opportunities presented to them as compared to waiting for the future years.
“This visit is a good opportunity to invite Indian investors to increase their investments in Uganda, our country is ready for foreign investment and we believe that now is the right time to do so,” said HE Akello.
SRI Group of institutes in collaboration with Miraj Barot recently expanded in the field of Ayurveda by setting up a 100 bed Ayurvedic Hospital, a college, and manufacturing of generic medicines after the establishment of a pharmaceutical company and a research center.
Later, Akello discussed with managing trustee, Dr.Bharat Rao of SRI group about the potential partnerships that can be developed in these fields that can benefit the students and pharmaceutical industry both in India as well as Uganda.
In Uganda, Miraji under Tirupati Group has several non-real-estate related subsidiaries, including; Bio-Waste Management Limited – A company that collects and disposes of bio-medical and pharmaceutical waste in an environmentally friendly and safe manner. Offices and disposal facilities are located 30 kilometres by road, northeast of Kampala.
Others include Tirupati Agricultural Development Limited – An agribusiness that operates a demonstration farm on 400 acres and maintains a sugarcane plantation on the adjacent 2,500 acres Crops on the demonstration farm include pineapples, maize, and onions situated in Kayunga District.
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