Trade between Tanzania and India has grown to 8.6 billion US dollars (21.5 trillion) from 2.3 billion US dollars (5.75 trillion) in 2020–2021. This is one of the fastest increases in Tanzania's bilateral trade relations in recent years. The data came to light during high-level talks in Dar es Salaam that were attended by Vice-President Dr. Emmanuel Nchimbi, Finance Minister Ambassador Khamis Mussa Omar, and Mr. Bishwadip Dey, India's High Commissioner to Tanzania. The expanding economic collaboration is a major component of Tanzania's long-term development ambitions under the National Development Vision 2050, Ambassador Omar said at the Ministry of Finance sub-office. He remarked, Our relationship started when traders connected across the Indian Ocean, long before formal diplomatic ties. We now work together in social development, trade, and diplomacy.
Tanzania–India Trade Hits $8.6 Billion as Vision 2050 Promises Manufacturing Boom in Dar Es Salaam.
One of Tanzania's main international trading partners is India. India provides construction equipments, mining, water chemicals, medicines, and industrial items, whereas Tanzania exports cashew nuts, pulses, cotton, cloves, tea, leather, and lumber. Mr. Dey affirmed that the next stage of collaboration will concentrate on direct investment in manufacturing, with a focus on the agro-processing, transportation, and medical equipment industries. Indian investors have already started businesses in steel production, mining, pumpings, wood, agriculture, and other productive industries, creating jobs and promoting industrial expansion.
In addition to trade, India has sent equipment to help Tanzania expand its water and health facilities. At the State House in Dar es Salaam, Vice-President Dr. Nchimbi also met with the Indian High Commissioner to discuss enhancing collaboration in the areas of health, water, education, trade, investment, defense, and security. Shortly after gaining independence, Tanzania and India established diplomatic ties, with Tanzania setting up its mission in 1962 and India opening its embassy in 1961. Following President Samia Suluhu Hassan's official visit to India in 2023, relations improved and bilateral cooperation increased in a number of areas.
Tanzania currently wants to strengthen industrial cooperation, in line with Vision 2050 objectives, even though trade growth is still excellent. Leveraging long-standing diplomatic relations to enable sustainable development and economic transformation, the nation's emphasis on manufacturing, value addition, and investment-led growth positions it as a growing trade and industrial powerhouse in East Africa.
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