The Indian company Nuziveedu Seeds expressed interest in building a sugar plant in Uganda, since the east African country aims to boost production to keep up with growing demand locally and regionally, according to the presidency. Company executives met yesterday with President Yoweri Museveni in Kampala, and showed interest in investing in Uganda’s sugar industry through joint venture with Sango Bay Sugar Estate, in the central region of the country.
The executive Rajesh Agarwal, from Nuziveedu seeds, would have said during the meeting that the company has sufficient capacity to produce sugar both for the domestic market and for export. He did not disclose the amount they plan to invest in the factory. According to the president of Uganda, government researchers are completing research in an attempt to resolve land disputes with local residents. The information is from Dow Jones.