TANZANIAN entrepreneurs in leather industry have been urged to grab markets opportunity in the coming 2018 India International Footwear Fair (IIFF), scheduled to take place on 2nd to 4th next month, in the country’s capital, New Delhi.
Apart from products showcasing, entrepreneurs will benefit from training on how to improve their businesses, said the Deputy High Commissioner in the Indian High Commission in Tanzania, Mr Robert Shetkintong in Dar es Salaam at the weekend.
He said that inviting Tanzanians for the IIFF was part of sustaining the long term economic relationships between the countries. According to him, India is the largest importer of Tanzanian goods such as gold, cashew nut, pulses, and minerals among other food items.
“Duty free tariff preference led to five times increase in Tanzanian exports to India in the past five years. India’s major exports to Tanzania include petroleum and oil products, medicaments, sugar, vehicles, motorcycles, electrical and engineering products, to mention a few,” he said.
According to him, however, Indian investments in Tanzania range at about USD 2.2bn/- capital in 1990 to 2017, which created over 55,000 employments in 433 projects. Several prominent Indian companies do negotiate big projects in Tanzania, including investing in leather industries.
Currently, India provides the technical know-how support to Tanzanians so that they can fully engage in the business. Vice-President for the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA), Mr Octavian Mshiru said that, Tanzanians will attend the IIFF but only for training purposes since they have no competitive products for showcasing.
It is because they lacked standard and modern facilities for leather products processing despite presence of enough raw materials. “Tanzania lacks the modern machines, plus expertise in this field. We need to sharpen our knowledge because we have an idea on leather processing steps, particularly to semi-processed stage (wet blue),” he said.