The Indian Economic Trade Organisation (IETO) organized the United Economic Summit 2026 in Coimbatore in association with United Diplomatic Council in the city on Thursday to share about rh various opportunities and investment potentials available in Uganda and Oman.

Joyce Kakuramatri Kikafunda, High Commissioner of the Republic of Uganda to India took part as the Chief Guest. Asif Iqbal, President of United Diplomatic Council and IETO presided over.

Speaking at the event, Joyce said Uganda’s  current GDP is $61 Billion and it is aspiring to be a $500 Billion country by 2040. For that it has taken a lot of steps, with oil being a major bet and belief.

Uganda, which is called the Pearl of India, is taking steps to bring its oil to the surface and it is going to be an oil producing country soon. It is encouraging investments in agricultural development for which getting land will be made a lot easier for investors. A 10 year tax holiday will be given in agriculture.

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She shared that other bankable projects include soluble coffee processing factory, cotton processing, short glass manufacturing, cocoa processing, cotton spinning and health sector.

Uganda is in the heart of Africa, and it takes just 6 hours to travel from India to it. So exporting finished products and farm produces from there is effortless. She further shared that Uganda prefers investors to manufacture using raw materials in Uganda, for which (raw materials) the duty will be free. Uganda also allows repatriation of profits.

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At the event, Renjith was appointed the Trade Commissioner of the India GCC Trade Council for Oman, who will spearhead the Indian trade delegation’s visit to Oman and Uganda in September 2026.