Finance PS Ramathan Ggoobi fascinated by Tirupati’s business model of empowering small industrialists
The Permanent Secretary and Secretary to the Treasury (PSST) in the Ministry of Finance, Planning and Economic Development, Ramathan Ggoobi, believes that small-scale industrial parks like the Tirupati Business Park in Kyebando are a proper business model that will enable SMEs to achieve the much-desired growth.
“We are going to have a conversation on how to take it up forward, especially as a model. These small-scale industrial parks create a plug-and-play kind of stalls where different investors can come in and just start doing business,” Ggoobi said.
He explained that small-scale industrial parks help investors from spending money on buying land and building factories and offices. “Instead of getting money to invest in buying land and building structure, these you hire space and you can mortgage overtime and do business,” he explained.
The high-ranking ministry of finance observed on Saturday during a tour of Tirupati Business Park in Kyebando where the proprietors of Tirupati Development (U) Ltd have provided workspaces like offices, warehouses and manufacturing spaces for micro & small industrialists, creating employment & paying taxes.
Tirupati Development (U) Ltd has over the last two decades operated the model of small-scale industrial parks having started with Ovino Market and Mall in Kisenyi. They have since rolled out other properties like Mazima Shopping Mall I, Mazima Shopping Mall II, Tirupati Towers, Tirupati New Mazima, Tirupati Bukoto Shopping Mall, Ovino Market and Namanve Shopping Center.
Ggoobi who was accompanied by the Senior Presidential Advisor, Moses Byaruhanga, was received by Miraj Barot, the Managing Director of Tirupati Group.
From Kyebando, the PSST also visited the National Agricultural Research Organisation (NARO) where he met researchers who are championing the anti-tick vaccine now in the final stages of trials.
The vaccine will save the country billions of shillings spent importing acaricides. The PSST pledged to support this work including the completion of the vaccine production facility.
