The high Commissioner of Rwanda to India Williams Nkurunziza, has said that Trade between Rwanda and India is valued at US$67 billion a year.
Nkurunziza expressed confidence that the volume of trade could rise.
“The East African community,has an agreement of duty free movement, which is an opportunity to explore strong business ties between India and Rwanda,” Nkurunziza said.
The High Commissioner was speaking to an Indian newspaper shortly after the ‘Invest North’ conference, organised by the Confederation of Indian Industry (CII) at Gurgaon, the suburban industrial and business hub of Delhi.
“India’s advantage of being the fourth-largest economy in the world in terms of purchasing power parity can be leveraged by adopting certain key measures like fast tracking infrastructure projects, procedural reforms to enable speedy clearances, streamlined systems and an enabling business climate,” said Richard Rekhy, co-chairman of CII Invest North 2012 and CEO, KPMG India.
Rekhy said Foreign investment in India stood at US$201 billion, and foreign trade, which is at 46% of the GDP, have also immense potential to grow further, he said.
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