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After almost completing implementation of a 28-MW hydroelectric project with $80-million in line of credit from the Indian Government, Rwanda is taking up an irrigation project with another $120 million of Indian assistance.
Rwandan High Commissioner to India, Ernest Rwamucyo, told Business Line here on Wednesday that the East African nation has planned the irrigation project to aid its export-oriented agriculture.
He said that one Rwandan tea estate and five tea processing factories (owned by the state and overseen by state arm OCIR-Thé) are due for divestment. “An Indian company has shown interest in joining the bidding process,” he added. McLeod Russel and Jayshree Tea have interest in Rwanda’s tea business.
India has already poured in about $500 million of FDI in Rwanda.
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