Diplomatist Special Report - Tanzania Tanzania 2018 | Page 46

of Tanzania on line of credit for US $ 268.35 million for extension of Lake Victoria pipeline project ( 2015 )

• Agreement between WAPCOS ( Public Sector Unit under M / o Water ) and Government of Tanzania for preparation of DPR for Lake Victoria pipeline project ( 2015 )

• Agreement on gainful occupation of dependents of members of diplomatic missions and consular posts of India and Tanzania ( 2016 )

• Joint Action Plan for Cooperation between Council for Scientific & Industrial Research of India and Tanzania Industry Research and Development Organization ( 2016 )

• MOU on Cooperation between Jawaharlal Nehru University of India and University of Dar es Salaam ( 2017 )

Commercial and Economic Relations

India and Tanzania enjoy a vibrant business and commercial relationship . India is a leading trading partner of Tanzania , comprising 18 percent of Tanzania ’ s foreign trade . India is also among the top five investment sources in Tanzania and as per Tanzania Investment Centre , Indian investments in Tanzania add up to USD 2.2 billion . Major Indian companies and brands are present or operating in Tanzania include Bank of Baroda , Bank of India , Canara Bank , Tata International Limited , Bharti Airtel , National Mineral Development Corporation , insurance companies ( LIC , NIC , United India , etc ), Kamal Group of Industries , Escorts , Ashok Leyland , Eicher , Bajaj , TVS , Kirloskar , Shapoorji Pallonji , Larsen & Toubro , Godrej .

( July ), a delegation from the Solvent Extractors ’ Association visited Dodoma and Dar es Salaam ( July ) on oilseed sector ( sunflower ), more than 50 companies led by PHD Chamber of Commerce and Industry participated at the East Africa International Trade Expo ( July ), a three-member Air India delegation visited Tanzania to conduct feasibility study for the possibility of recommencing operations to Tanzania ( Aug ), a delegation from Kerala Cashew Corporation visited Dar es Salaam and Mtwara to explore the possibility of increasing trade between India and Tanzania ( Oct ), a delegation of more than 30 companies led by Federation of Indian Export Organisation participated at the 12th Tanzania Trade Show ( Nov ), and about 25 Indian companies led by APEDA visited Dar es Salaam ( Dec ).

In February 2017 , about 25 Indian companies led by PHARMEXCIL visited Dar es Salaam , where a business roundtable and B2B meetings were held . An Indian education fair was held in Tanzania ( May 2017 ), FIEO participated at the 13th Tanzania Trade Show ( Nov ) with over 42 participating companies and a delegation from the Council of Leather Exports ( Dec ). Other business delegations included those by Kerala Cashew Board Ltd ( Nov ), Indian Oil ( Nov ), Incredible India pavilion at Swahili International Tourism Expo ( Oct ), PLASTINDIA Roadshow ( Sep ), and East African International Trade Expo ( Aug ). From Tanzania , a business delegation attended the Tanzania-India Business & Investment Forum meeting in New Delhi ( Aug ). Tanzanian delegations have also attended a number of fairs in India

[ Source : Tanzania Revenue Authority ]

Tanzania ’ s major imports from India include petroleum products , pharmaceuticals , motor vehicles , two / threewheelers , wires and cables , electrical machinery / equipment , articles of iron & steel , sugar , etc . Tanzania ’ s major exports to India include gold dore , cashew nuts , pulses , timber , spices ( mainly cloves ), ores and metal scrap , gemstones , etc .

There are periodic visits of business delegations in both directions to pursue commercial and collaboration opportunities . A delegation of over 50 Indian businesspersons visited Tanzania in July 2016 coinciding with the visit of the Prime Minister of India to Tanzania . Since then , 46 companies led by CHEMEXCIL participated at the Indian Chemical and Cosmetics Exhibition at Dar es Salaam including IPHEX-2017 ( April ), India International Footwear Fair ( Aug ), I for Afrika Conference ( Nov ), etc .

High Commission of India , Dar es Salaam also organises business promotion seminars and facilitates participation of Indian businesses in exhibitions and fairs across Tanzania and supports business opportunities between the two countries . In the recent past , the High Commission organised business seminars and exhibition of Indian products at Morogoro ( 22 March 2018 ), Mtwara ( 3 March 2018 ), Arusha ( 11 May 2017 ), Dodoma ( 3 Feb 2017 ), Tanga ( Nov 2016 ) and Mbeya ( March 2016 ). Indian Business Forum is a local organisation representing Indian businesses in Tanzania and taking up their issues ( www . ibf . or . tz )

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