President Yoweri kaguta Museveni now in New Delhi for the 3rd
India-Africa forum summit has held a bilateral
meeting with India’s Prime Minister Narendra
Modi at the latter’s office Hyderabad House.
Prime Minister Modi welcomed President
Museveni to India and thanked him for honoring
his invitation to attend the 3rd India-Africa
Forum Summit. The two leaders appreciated the
very warm bilateral relations existing between
the two countries and explored further areas of
cooperation especially in areas of trade.
According to reports, bilateral trade between the
two countries amounted to $728 million in 2010–
11, with the balance of trade heavily in India’s
favour. Ugandan exports to India accounted for
only $16.7 million of the total trade. Uganda
imports almost 30 percent of its pharmaceuticals
from India while India emerged the second
largest source of Foreign Direct Investments for
Uganda in 2011. President Museveni told Prime
Minister Modi that Uganda produces a lot of milk
and processed dairy products among other
products that could be exported to India.