Uganda invites investment in manufacturing facilities

Uganda is actively seeking to attract foreign investment in its manufacturing sector by leveraging its natural resources like iron ore and cotton. The government allows 100% ownership by overseas companies and offers a 0% duty on the import of raw materials not locally available. This move aims to boost local production of steel and textiles, potentially creating jobs and boosting economic growth. The initiative is particularly significant for regions like Coimbatore, which has a strong textile industry, as it opens up new opportunities for collaboration and investment.