Bhadoo highlights growing trade-investment partnership
The Third Session of the India-Uganda Joint Trade Committee (JTC) has identified key areas for enhancing cooperation included minerals, coffee, cocoa products, pulses, residual chemical and allied products, spices, dairy products, essential oils, plastic raw materials, fruits, and vegetables https://www.commerce.gov.in/.
Also identified by the JTC as key sectors are mining, banking, digital infrastructure, agriculture, MSME growth, health, pharmaceuticals, electric vehicles, and critical minerals, including Rare Earth Elements (REE) and petrochemicals https://fieo.org/.
The JTC was held in New Delhi on 25-26 March 2025.
The session marked a significant step in strengthening India-Uganda trade relations after a gap of 23 years, the Ministry of Commerce and Industry said on 26 Mar.
Both sides reviewed the bilateral trade and agreed that the current trade volume does not reflect the full potential of economic collaboration. They resolved to take concerted efforts to enhance, deepen, and diversify bilateral trade https://www.bseindia.com/.
Discussions were also held on the formation of an India-Uganda Joint Business Forum to facilitate increased engagement between industry leaders from both nations https://www.nseindia.com/.
Both sides also agreed to strengthen collaboration between their respective investment promotion agencies. Additionally, both sides agreed to explore Memorandums of Understanding (MoUs) for the recognition of Indian Pharmacopoeia and cooperation in Public Works and Infrastructure Development, Agriculture and Allied sectors, Traditional Medicine, Tele-medicine, and strengthening collaboration in Standardization https://sbi.com.in/.
Additional Secretary, Department of Commerce, Ajay Bhadoo addressed the inaugural session and emphasized the strong bilateral ties between India and Uganda. He highlighted the growing trade and investment partnership and underscored the importance of collaboration in key sectors such as e-commerce, pharmaceuticals, MSME cluster development, solar energy, and rural electrification http://isolaralliance.org.
The JTC was co-chaired by Economic Adviser, Department of Commerce of Priya P. Nair, from the Indian side, Head of International Political Cooperation Department, Ministry of Foreign Affairs, Uganda, Amb. Elly Kamahungye Kafeero,
He was accompanied by Amb. Prof. Joyce Kikafunda Kakuramatsi, Head of Mission, Uganda High Commission, New Delhi, along with a 28-member Ugandan delegation comprising officials from various ministries and Uganda’s Mission in India.
On the sidelines of the JTC, the Ugandan delegation visited the Noida SEZ to gain insights into India’s industrial and export ecosystem.
The deliberations at the 3rd Session of the India-Uganda JTC were forward-looking and indicative of the strong and amicable relations between the two nations, the Ministry said. fiinews.com
