Indian investment group eyes Rwanda

A leading Indian investment consortium, Avignam Group, will soon start operations in the country. This was announced by the Group’s Executive Director, Abhilash Puljal, after meeting with Prime Minister Bernard Makuza yesterday. Avignam Group is a major development advisory and investment firm with offices in New Delhi and London. The group believes that sustainable investments in the developing world can build strong and efficient economies for the future. “We are looking at bringing investors from India who will invest in the areas of agro-processing, mining, logistics and packaging. We are really looking forward to working in Rwanda as well as furthering relations between India and Rwanda,” Puljal, who led a delegation, said. He added that they intend to build strong business relations between Rwanda and India because Rwanda is, so far, the most favourable country to invest in within the region. “Rwanda has a very stable and has proactive government. The country’s business conduciveness is extremely impressive compared to other countries,” Puljal said. He added that he and his group have been in Rwanda for a week and that they plan to return in the next two weeks to sign a Memorandum of Understanding with the Ministry of Trade and Commerce to venture in logistics and packaging. The Prime Minister said that so far, a favourable ground has been laid for any investor to feel comfortable channelling their money to Rwanda. “We have trust in the Avignam Group and we believe they will soon start businesses here,” Makuza said. The Premier added that, in his talks with the Group representatives, he briefed them about the status of doing business in Rwanda and encouraged them to move on and invest. “The group expressed interest in investing in the region but will have their factories and offices in Rwanda,” he said. Avignam’s development advisory firm advises Indian private sector organisations, looking at new markets to invest in developing economies by matching technologies, capital and capacities. Ends

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Indian investment group eyes Rwanda