Indian IT Firm Set to Invest in Rwanda and Uganda

Mergers, Acquisitions and Financial Results

The Institute of Hardware Technology, an information technology training company based in India is set to open in East Africa to plug the IT resource gap in the region.

Mr Umesh Chaudhary, the managing director of the firm said the Delhi based-company will enter the region through Rwanda because of the country's ease of opening and starting up a business, and then roll out to other EAC states.

But last week, the IHT team also approached the Uganda Investment Authority (UIA) and held meetings with Dr. Maggie Kigozi, the executive director of UIA to seek advice on how to open business in the country.

IHT, which already has a presence in 120 countries across the world is moving into the region to improve on the ICT resource gap that exists in the five partner states, Mr Chaudhary told the Daily Monitor during the EAC Investment Conference in Munyonyo last week.

"We have seen an opportunity here and this country has potential for growth. But there is not of enough infrastructure to respond to IT students needs," he said.

He added: "This is the right place to come and establish an IT training institution." The company will come to compete for business with already established ICT institutions including; APTECH, Horizon, Monaco and ICT Labs with a presence in Kampala.

To move in fast, Mr Clarence Fernandes IHT's Senior Consultant, said they will soon set up in Uganda through a master franchisee which will provide services with their technical and financial support, based on the company's global business model.

"The master franchise will be an IT professional who knows that market, in each of the countries and will help grow the IHT brand," said Mr Fernandes.

The company intends to extend its IT training services in both urban and rural areas like it has done in India in its years of improving IT access.

To stand out from competitors, Mr Fernandes said; "We will provide placement for IHT students not only in local but also global companies that's our strength."

Global companies which recruit staff from the firm include; IBM, Bharti Airtel, TATA, Compaq, Siemens and The Gillette Company among others.

IHT already has a presence in Nigeria and is now moving to reap from the rapid economic and political integration of the region, which is enhancing the investment environment.

Other Indian firms that have joined Uganda recently, include telecoms; Essar Group, Bharti Airtel, and tea companies; Jay Shree and McLeod's.