Indian investors eye ICT sector

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Indian investors eye ICT sector
Indian investors eye ICT sector

Africa-Press – Tanzania. FIFTEEN Indian investors have shown interest to invest in the country’s ICT sector.

The investors from the fifth largest economy in the world came under the umbrella of Electronics and Computer Software Export Promotion Council (ESC) last week to explore the investment opportunities.

Tanzania Investment Centre (TIC) Investment Officer Ms Elizabeth Muzo told Indian investors that TIC works hard to create a conducive and friendly environment for all investors to inject their capitals.

“The government has established the ‘one stop centre’ responsible for facilitating registration, licensing and approval of documents, this aims to fast-track availability of all necessary requirements for investment,” she said.

The country has facilitative investment climate including good governance, stable economy, skilled labour force and abundant natural resources.

According to her, the government has also introduced the special electronic window for accommodating all the necessary documentation through online.

ESC Regional Chairman Rajesh Revanker said they are interested in investing in technology and software development in the country in order to encourage development of ICT and enhance digital economy.

“We are happy to learn that the government has improved environment for investment,” he said.

The ICT industry helps to achieve social sustainability by improving the way societies and governments provide education, health care, and services to citizens.

He added that the ICT industry is changing the way people interact with each other, creating longer-term and largely positive changes in a variety of areas.

The Commission for Science and Technology (COSTECH), Director General, Dr Amos Nungu, said the Indian investors are welcomed to invest because the country still needs more investors in technology.

“As we are determined to attain the digital economy, the country still needs to exchange skills and knowledge of technology from other developed nations in order to use it for economic development,” he said.

For the last two consecutive months, India is among top three major sources of Foreign Direct Investments (FDIs) to the country. In April topped the list.

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