Tanzania, India trade volume soars

NEW DELHI, India: The bilateral trade volume between Tanzania and India has increased in the past five years from 2.6 billion US dollars in 2017/2018 to 6.5 billion US dollars in 2022/2023, President Samia Suluhu Hassan revealed.

Speaking at the Jawaharlal Nehru University in New Delhi, India on Tuesday, President Samia said India, the Asian economic powerhouse, is among top five countries that have invested in Tanzania.

According to her, a total of 631 investment projects worth 3.7 billion US dollars are originating from India as the southern Asia country becomes Tanzania’s 4th largest trading partner.

“These are not words. These are numbers. And we all know, words speak loudly, but numbers speak clearer. Given our historic bonds and bilateral ties there is no excuse why India is not our number one bilateral trade partner and investment source,” she stated.

Meanwhile, President Samia said that Tanzania appreciates the leadership and contribution that India is making in preserving and restoring sense, value and humanity to their increasingly plurilateral, manipulative and materialistic world.

“India as our 14 formidable members in the Non-Aligned Movement (NAM), the Commonwealth, and Group of 77 (G77) in the United Nations, continues to be our voice and mouthpiece in avenues where we do not have a seat. We trust India’s leadership not because of its sheer size and economy, but because of its historical contribution and moral standing,” she noted.

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