Museveni Commends India For Supporting Industrialization in Uganda

Museveni Commends India For Supporting Industrialization in Uganda

While addressing the Indian Association leaders at State House over the weekend, President Museveni commended the Indian community for supporting the industrialization drive in Uganda and its resultant gains.

“Manufacturing has created 700,000 new jobs and yet the whole public service is 480,000 jobs. Manufacturing alone has more jobs than those in public service,” he said.

The President added that, “Then when you add the jobs in the services sector, they are 1.3 million plus another 300,000 in ICT sector, we are talking more than two million jobs from non-government, non-agriculture. I have to thank you for this big contribution to our transformation.”

President Museveni said Africa’s slow growth was partly because some leaders who lacked the vision on what exactly should drive this transformation.

“Many people didn’t know that business was the way. Our group was among the first because many of the groups were Left Wing but confused. They didn’t know where the wealth came from,” he said.

The NRM government, said President Museveni, had focused on private-sector driven growth, identifying entrepreneurship as a key driver, ahead of capital, labour and natural resources.

“The most active factor of production is entrepreneurship because without it, the other factors are dormant. Entrepreneurship brings together the other three,” he added.

He appreciated Mr Rao and the community for identifying the 3Ps that characterize Uganda, urging them to continue marketing the country and attracting more investors.

Particularly, the President pointed out the opportunities in adding value to copper, saying the government was interested in investors in that sector.

“I want someone to process copper for cables and transformers. We want vertical integration there,” he added.

Passing a vote of thanks, Mr Sudhir Ruparelia of the Ruparelia Group, thanked President Museveni for ensuring peace and stability, adding that it had spurred their community into investing in Uganda.

“On behalf of the entire business community, we thank you the President and the NRM government for the favourable business environment. We commit to supporting you,” said Mr Ruparelia.