Indian investors are being encouraged to tap investment opportunities in textile and pharmaceuticals, under Kenya’s government manufacturing agenda.
Indian High Commissioner to Kenya, Rahul Chabra, has cited on the need for Indian investors to consider the creation of a partnership with the Kenyan counterparts to have deep bilateral ties.
Kenya and India’s trade currently stands at over 200 billion shillings. Kenya is well known to export vegetables, soda ash, and tea to India, and imports steel, pharmaceuticals, automobiles and machines from India.
Kenyan investors can take advantage of the direct flight to Mumbai while Indians are encouraged to make use of the available market opportunities under the governments manufacturing agenda.
Kenyans investors will be able to access the Indian market with ease as they will have created the partnership with Indian traders, while the Indian investors will be able to invest in pharmaceutical and textile sectors.
Also, direct flights will boost the tourism sector with Indians being encouraged to consider it. Kenya has signed an agreement with a fast food chain and two coffee and tea companies that are expected to set up in the country once modalities are finalized.
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