Working Capital Management

Uganda Baati threatens to quit over unfair competition Bottom of Form Bottom of Form It is an aging war between two seemingly brotherly manufacturing companies save one that seems to defy even the optimism expected on July 1 when the East African Common Market becomes official. For five years, Uganda Baati has asked the establishment to impose a 10 per cent entailment c altogethering on all galvanised plain coils that atomic number 18 used in the manufacture of galvanised iron sheets so that it remains the only supplier of plain coils to topical anaesthetic iron sheet manufacturers. While that has not happened, Roofings Uganda has led other steel construction products manufacturers to protest against Uganda Baatis requests accusing the latter of lacking capacity to satisfy local demand and providing poor quality products. Related Stories The growing make out of health insurance Now, Uganda Baati says it has had enough of that and has threatened to stop hike capital come outment in Uganda if the government does not nurse it from substanceed similar products. If they [government] dont implement the import duty of 10 per cent, I will not invest anymore money in the country.

In Kenya and Tanzania importers of such materials render 25 per cent tax and we are only demanding less, the executive director Director of Uganda Baati, Mr Rakesh Bhatnagar, said. In a letter dated February 12, Mr Bhatnagar wrote to the chairwoman complaining that the ministers of Finance and that of Industry were behind the delay of the proposed tax. We are reliably informed that the people without manufacturing facilities who have enjoyed this protection for all these years due to wrong feedback to your office have protested your ratiocination and this is holding the implementation of the same, Mr Bhatnagar wrote. He is disappointed that his competitors still import the same duty free plain coils while his products are piled up in his factories. But in correspondences between thence Minister of Trade and Industry (Ms Janat Mukwaya) and... If you want to get a full essay, order it on our website: Orderessay

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