Bilateral trade between India and Rwanda has grown steadily, but volume alone is a poor guide to opportunity. The composition of that trade tells a more useful story.
Pharmaceuticals, machinery and vehicles dominate the Indian export basket. On the Rwandan side, the export mix remains concentrated in a small number of primary commodities.
The interesting question for members is where value addition moves next: processing that currently happens elsewhere and could credibly happen in Rwanda, given power costs, skills and regional market access.
This review sets out four candidate value chains and the conditions each would need to become investable.
