Bangalore, July 14 (IANS): Rwanda will participate in the industrial technology exposition, Automation 2014, in Mumbai from October 15-18 as a partner country to promote Indian industries in the African continent.
"Republic of Rwanda will participate in the ninth edition of Automation as a partner country and other African countries will be present with their officials and business delegations," organiser IED Communications said in a statement Monday.
With eight percent GDP (gross domestic product) growth rate, stable inflation and exchange rate, the West African country is an open market of 11 million people with a growing middle class.
"As an attractive destination for foreign investments, Rwanda offers a great opportunity for Indian industry to do business. Ranked as the third African country in the latest global competitive index report, it has a new special economic zone in its capital Kigali and plans to have more such zones in the districts," IED managing director Arokia Swamy said in the statement.
An investor-friendly government committed to market economy and flexible supply of labour offers huge potential for the Indian automation industry to invest in Rwanda across sectors such as agriculture, construction, energy, financial services, information and communication technology (ICT), infrastructure, manufacturing, mining and real estate.
Maharashtra will be the partner state for the event which will host technical conferences, brainstorming sessions with experts on various topics, including innovations in technology, safety and security, tank automation and metering at the Bombay Convention & Exhibition Centre in southwest Mumbai.