Investment opportunities for India in Rwanda

India and Rwanda will benefit from cooperation in the areas of agriculture, information technology, healthcare and tourism.

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Relations between India and Rwanda have been steadily growing over the past few years. Rwanda opened its diplomatic embassy in Delhi in 1999 and sent its first ambassador to India in 2001. Since then, there have been consistent high-level meetings between the two countries. These ties gained momentum with Prime Minister Narendra Modi's visit to Rwanda last year. PM Modi proudly became the first Indian PM to visit Rwanda.

During the visit, Modi announced $ 200 million in aid to Rwanda and 200 cows to the victims of the genocide. It was during this visit of the Prime Minister that the Government of India inaugurated its full-time embassy in Kigali. Today, trade relations and mutual investment between India and Rwanda are not very large. The Indian Embassy in Kigali is expected to play a significant role in this area.

Although India's trade relations with Rwanda are not very close at present, Indian companies have made significant inroads in infrastructure, information technology, agriculture, healthcare and education. Rwanda has a more conducive environment for investment than other countries in Africa, so there is a lot of room for growth in these trade relations. The Rwandan government's domestic policies are positive.

The government in Rwanda has a good grip on its administration. The political will of the present government is also strong to implement its policies and not tolerate any corruption. Any new business venture gets such a good incentive from the government, any new company can register itself within a few hours. Not only that, the professional is not obliged to come to Rwanda himself to complete the required registration process. Because, this work can now be done online as well. The security and order in Rwanda is very good compared to other countries in Africa, so Rwanda is a priority in terms of commercial investment throughout the African continent.

There are ample opportunities for business exchanges between India and Rwanda in the four key areas of agriculture, information technology, healthcare and tourism. As Rwanda is also a largely agriculturally dependent country, there is ample scope for Indian companies to invest in it. Jain Irrigation, India's leading irrigation company, has participated in a number of projects in Rwanda. The company's operations in the African continent are currently based in Rwanda.

There are also many opportunities for Indian companies in the field of information technology. This is because Indian companies have made good progress in this area as compared to other countries. Similarly many engineers are working in government and private companies in Rwanda.

The number of students from Rwanda who come to India for education and study at universities here is also large, just as many Indian professors go to universities in Rwanda to teach. In addition to agriculture and information technology, the two countries also have many opportunities for cooperation in the field of healthcare. The best healthcare services available in India are very cheap compared to other developed countries, so the healthcare sector in India can benefit greatly.

Super specialty hospital chains like Apollo and Fortis are already providing healthcare to patients coming from Rwanda. Similarly, some expert doctors from India are visiting Rwanda on the occasion of the medical camp and providing affordable medical treatment and advice to the patients there. Also, many qualified doctors from Rwanda come to India for training. However, there are many nutritious opportunities that can lead to good growth in these exchanges.

There are ample opportunities for business exchanges between India and Rwanda in the four key areas of agriculture, information technology, healthcare and tourism. As Rwanda is also a largely agriculturally dependent country, there is ample scope for Indian companies to invest in it.

Although Rwanda is known as "the land of a thousand hills" and receives the most foreign exchange through tourism, its tourism sector is still underdeveloped. One of the main reasons why Rwanda attracts so many tourists is its rich wildlife. The mountain gorilla, found in Rwanda, is a world-famous species, although it is currently on the verge of extinction.

Due to the large number of Indian tourists visiting Rwanda and its steady increase, Rwanda continues to benefit. Rwanda Airlines has started offering four direct flights a week between Kigali and Mumbai, making it even more convenient for Indians to visit Rwanda. The number of Indian tourists has increased significantly in recent times due to the availability of instant visas for Indian nationals at Kigali International Airport and the availability of good hotels for tourists. But Rwanda is still not a popular tourist destination among many Indian tourists.

If the number of Indian tourists visiting Rwanda is to increase significantly, tour operators in Rwanda must come up with special packages that will be affordable to Indian families. Although Rwanda's Mountain Gorilla is a major tourist attraction, tour fees have doubled from  $750 to $1,500. Such things should be considered. But for the citizens of Rwanda, India is a great option for medical tourism. Overall, there is ample scope for closer cooperation between Rwanda and India.

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