India: On trade with Tanzania and global economic power play
India's Ambassodor to Tanzania Mr Binaya Pradhan during an interview with the Citizen at the High commission in Dar es Salaam last week. PHOTO | SAID KHAMIS
India and Tanzania initiated their economic relations since early years after-independence. How have these ties evolved over the years?
Our trade and economic ties have progressed in the decades after independence and are the cornerstone of our relationship. Indian companies started trading with Tanzania – they imported global goods to Tanzania and exported Tanzanian goods to the rest of the world. But in the last 30 years after economic reforms the investments have been multifaceted to include manufacturing, food processing, assembling line of automobiles, etc. Today, some of the biggest Indian companies are now actively available in Tanzania in the energy sector, oil and gas, agriculture, and export business. We are now also witnessing a new trend where Indian professionals such as financial experts are being hired by Tanzanian companies.
