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President Kagame to Present New Business Opportunities in India

by KT Press Staff Writer
11:45 pm

Nyabarongo hydro power plant among mega Indian investments in Rwanda

Rwanda is likely to strike important deals from India at a vibrant business summit where world investors will converge to explore outstanding investment opportunities.

President Paul Kagame, accompanied by a Rwandan business delegation will be on a working visit to India from 9-12 January 2017, on invitation extended by Prime Minister Narendra Modi.

The two leaders will hold official talks on 9th January 2017 in Gandhinagar, a city in Western India.

In Gandhinagar, the president will also attend the biennial Vibrant Gujarat Global Summit 8th edition under the theme “Sustainable Economic and Social Development.”

Since its inception, the Summit has become, “a unique forum for exchanging ideas, sharing knowledge, networking, exploring business opportunities and signing cooperation agreements and partnerships, while setting the policy agenda for meeting some of the current global challenges,” organizers said.

President Kagame will address an Indian Business Seminar on Rwanda.

This particular seminar is set to draw more Indian investors to Rwanda because it will build on several experiences the Indian community has already acquired on investment climate in Rwanda.

Latest outstanding investment from India to Rwanda was in March 2015 – construction of the $108 million Nyabarongo hydro power plant which added 28 Megawatts on national grid.

The plant was constructed by Bharath Heavy Electrical Ltd (BHEL) and Angelique International Ltd (AIL), after a bilateral agreement signed on July 8, 2008 between Rwanda and India.

Business trips to and from India have also increased. The national carrier, RwandAir has added several flights to India on its schedule.

The latest was Mumbai which followed the carrier’s acquisition of a second Airbus in November 2016.

Rwanda will also be participating in the Global Trade Show 2017 – part of the Vibrant Gujarat Global Summit.