were to benefit African countries in infrastructure and development programmes .
In yet another positive gesture , India announced a Special Duty- Free Tariff Preference ( DFTP ) for Africa . Tanzania joined the DFTP in 2009 and since then , Tanzania ’ s exports to India have increasing significantly in 2009 . While the exports before joining the DFTP had been less than 15 percent , the same has now increased to between 20 and 25 percent of the total trade volume . The major Tanzania exports to India have been cloves and variety of other spices , pulses , cashew nuts , coffee , cotton , sisal , minerals and gemstones , timber , hides / skins / leather , tanning / dyeing colouring materials , non-ferrous metals , essential oils , ores and metal scrap , etc . India ’ s major exports to Tanzania include , inter alia , textile materials , garments , agricultural equipment , transport equipment and auto parts , pharmaceutical products , consumer goods , food grains , electrical machinery and other capital equipment , construction materials , mineral fuels , oils , yarn , iron and steel articles , plastic products , agro-chemicals , and rubber items including tyres . By all accounts , India has remained a leading trade partner of Tanzania . Equally important , India remains an important and reliable investment partner . Statistics available at the Tanzania Investment Centre as of May 2017 place India as the 5th largest investor in Tanzania with a cumulative investment of about USD 2.2 billion spread across about 420 projects , having created about 54,406 jobs in Tanzania . Besides , India is the 5th largest source of tourists visiting Tanzania , with the numbers indicating that there have been about 35,000 to 40,000 tourists from India per year , especially in the recent past .
Has the economic engagement between India and Tanzania increased comparatively after the BJP-led Modi government came into power with the vision to enhance the investment climate in the country ? Can you please elaborate on the same with examples ?
Certainly , the economic engagements between India and Tanzania after the BJP-led Modi government came to power in 2014 have increased significantly . It is in this period that we have witnessed not only a
Qvibrant business and commercial relationship but also the flow of
As maritime nations , investments from India to Tanzania has seen what I would call a
Tanzania and India have “ phenomenal increase ”. And as stated elsewhere , India remains a
a common interest in leading trading partner comprising 15 percent of Tanzania Foreign the domain of maritime
Trade . India is also among the top five investment sources for security ; this is , by and
Tanzania , with investments of up large , a priority for to $ 2.2 billion . Indian companies have invested heavily in Tanzania
Tanzania and is well in sectors such as manufacturing , transportation , tourism , agriculture / refl ected in the Tanzania agro-processing , services , financial sector , energy , construction ,
telecommunication , human resources development , education , broadcasting , mining , and ICT . To name but a few of these companies- Kamal Group of Companies ( export processing Zone Industrial Park ), India ’ s National Mineral Development Corporation ( mineral exploration & exploitation ), Bank of Baroda ( financial sector ), Bank of India ( financial sector ), Canara Bank ( financial sector ), TATA International Ltd ( automobiles and chemicals ), Reliance Industries ( downstream and petroleum sector ), Ashok Leyland ( trucks and vehicles ), Bajaj ( scooters ), TVs ( scooters ) and TanzIndia Assurance Company ( insurance business ), etc . In addition , under this administration , numerous delegations from both countries have periodically met to pursue commercial and other collaborative opportunities . For instance , a delegation of over 50 Indian businesspersons visited Tanzania in July 2016 coinciding with PM Modi ’ s visit . Since then , 46 companies led by CHEMEXCIL participated at the Indian Chemical and Cosmetics Exhibition at Dar es Salaam on 28-29 July 2016 , a delegation from the Solvent Extractors ’ Association visited Dodoma and Dar es Salaam on oil and seed sector ( sunflower ), more than 50 companies led by PHD Chamber of Commerce and Industry participated at the East Africa International Trade Expo ( July 2016 ), about 25 Indian companies led by APEDA visited Dar es Salaam in December , 2016 , about 25 companies led by PHERMEXCIL visited Dar es Salaam where a business roundtable and B2B meetings were held , an Indian education fair was held in May 2017 in Tanzania , a working business mission by the Kerala Cashew Board was conducted in Tanzania in November 2017 , an incredible India pavilion was organised at the Dar
National Security Strategy .
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14 • TANZANIA