Two Indian investors, Riyaz Ganji and his brother an Aga Khan Ismaili entrepreneur, Javid Merchant are set to invest over $10m in pharmaceutical and textile industries.
The two who recently met President Yoweri Museveni at State House Entebbe to discuss investment opportunities stressed that the different investments they will set up in the country would help in uplifting the lives of the ordinary Ugandans.
Riyaz, will be opening Libas textile industries and institute while Javid Merchant will be opening various industries to train Ugandans how to produce more products made in Uganda. This is line with the government program of buy Uganda, build Uganda (BUBU). The factories are to directly benefit the people of Uganda and the entire East African region on top of providing skills and jobs to Ugandans.
The Pharmaceutical plant will in its initial phase employ over 100 people and the textile industry will create over 1000 jobs. 5 million dollars is earmarked for the pharmaceutical plant and 5 million dollars for the textile factory.