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The grand investment plan was revealed in India when Chief Executive Officers (CEOs) of popular business companies and members of the business community had audience with President Jakaya Kikwete who is in the country at the invitation of Indian President, Pranad Mukherjee.

According to a statement issued by the Directorate of the Presidential Communications, Mahindra Vehicle Company representative also showered praise to Tanzania.

He said that after operating in the country for many years, the company realised the need to conclude an agreement with the government to establish a tractor making factory in addition to agro-processing industries.

Another representative from TATA Motor Vehicle Company (India), said the group with 20 years of a presence in the country was working out modalities to establish a factory for the manufacture of passenger buses to be sold in the country and beyond borders.

After a speech delivered by President Jakaya Kikwete about the attractive investment climate in Tanzania, the listeners applauded and spoke well about the existing governing investment policies which are friendly and transparent under good governance.

Airtel representative, Mr Shirshirv Priyadarsh said over the years that the company has operated in Tanzania, they have enjoyed the peaceful and conducive investment atmosphere favourable to anyone wishing to establish a business in Tanzania.

?Three impressive basic features that differentiate Tanzania from the rest in the continent include the country?s transparent economic policy, friendly investment policy and attractive investment condition welcoming to any prospective investor,? Mr Priyadarsh said CEO of Appolo Medical Centre said the favourable investment climate in Tanzania has made it necessary for the group to open a clinic in Dar es Salaam to provide medical services currently received in India.

?There is no doubt investing and running business in Tanzania leads to success. Security and political stability are the attributes to guarantee sustainable investment.

In the coming two months we will open our first clinic in Tanzania,? the female CEO informed President Kikwete.

Source Tanzania Daily News

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