The partnership demonstrates good business relations between the two countries which is due to the country’s conducive business environment.
This was said yesterday in Dar es Salaam by Germany ambassador to Tanzania, Regine Hess during the official launch of the partnership between NTS, the Tanzanian automotive company and one of the largest importers and distributor of tires and batteries with Bosch, a Germany renowned automotive company that operates across the globe
Ambassador Hess said her government would continue encouraging Germany investors to explore investment opportunities in Tanzania.
She was in support of President Samia Suluhu Hassan’s vow to restore investor trust in the country by creating a favorable business climate noting that this would help in strengthening the economy at individual and national level.
“The Tanzanian President has assured that Tanzania is a good place for business, this is a great opportunity for investors including those from Germany to expand their wings here,” she said.
NTS chief operating officer, Amin Lakhani said: “We are ourselves proud to supply and provide quality, world-class products and services, for decades now Tanzanians have benefited from our investment in this industry, in that regard, we saw an opportunity for growth in this market hence our decision to partner with Bosch, all in efforts to continue giving our clients the best, yet cost-effective automotive services.”
“With the addition of Bosch services under our belt, Tanzanian mechanics and the youth in general will get training opportunities including specialised training outside the country to advance their skillset, in other words, through this affiliation, NTS is opening doors of opportunities for the Tanzanian youth in this sector,” noted Lakhani.
Commenting on the partnership with NTS, Bosch business development manager, Manor Thakkar said NTS has a good rapport in the automotive industry and is well known for its quality, top-notch services.
“From a business perspective, the partnership is a win-win,” he noted.
With the new partnership, NTS has extended its service offerings from tires and batteries distribution to more automotive products and services including; distribution of spare parts, diesel service center and Bosch car service.
Apart from extending the business wings, the merger will also help in transfer of technology in the automobile and transport sector, as part of efforts to support the government's ongoing efforts to create a better investment climate.
Established in 1994, NTS as a tyres retreading factory had since advanced to importing and distributing tyres and batteries across the country with warehouses in Dar es Salaam, Arusha, Mwanza and Mbeya.