Njeru based leading Steel manufacturer, Yogi Steels Ltd on Saturday held the Indo-African dinner at the factory premises in Malindi, celebrating the Uganda-India bilateral relations.
The colorful event which was attended by administrators from Yogi Steels ltd, Total Cables, Victoria Plastics, Victoria Sugar and Victoria Tyres gave an occasion to hundreds of community members and factory workers who were treated to a plentiful dinner to celebrate the relationship between the two countries.
Speaking to this website during the event, Mr Alpesh Patel, the managing Director at Yogi Steels Ltd said the dinner emphasizes their commitment and unity with Ugandan communities adding that this follows a series of social corporate responsibilities activities.
Michael Bwire, the LCIII Chairman of Wakisi Division hailed the Indian community for investing in Wakisi which has not only created revenue for the government but also employment opportunities and better social services through social corporate responsibilities.
The Indian community presents the strongest and most durable economic and cultural links with Uganda. It is estimated that at present, there are approximately 35,000 Indians living in Uganda.
Established in 2012, Yogi Steels has grown into one of the finest and most reliable steel manufacturing companies in Uganda and East Africa, with an annual steel production capacity of over 51,000 metric tonnes per annum (MTPA).
With its products including ;TMT Steels Bars, Round Bar, T Bar, Angles ,Nails, Steel Flat Bar, Binding Wires, Z Angles among others recognized as one of East Africa’s most geographically-diversified steel products supplied in Kenya, Rwanda, DRC Congo, Burundi, Southern Sudan and Uganda, Yogi has developed into a conglomerate of companies over the years.
The Indo-African relationship has historic importance and is defining the future for the majority of the world’s population. Dating back several centuries, the relations between India and African countries are driven and shaped by a number of factors, including trade and investments, cultural, historical and political engagements.
Yogi’s investment in Uganda emphasizes India’s commitment to developing Africa and the continent is increasingly becoming important to India’s foreign policy calculations also.
India and Uganda’s historical links and relations have experienced a revival in recent years and both sides understand the fact that it is a win-win situation as growing relations are mutually beneficial. India-Uganda trade has grown over the years.
Taking these all things into account, Indian investors are making consistent efforts towards strengthening relations with Uganda through investments.