Indian high commissioner to Kenya Rahul Chhabra recently urged Indian investors to partner with Kenyan counterparts, especially in pharmaceutical and textile sectors that have huge potential, to create more start-ups in Kenya and bridge the trade deficit between the two countries. He was speaking at an annual trade and investment promotion event in Nairobi.
India is total trade volume with Kenya was Sh200 billion in 2018. Though the trade volume reflects growth of more than 9 per cent from 2017, there still exists a huge potential to raise it, Chhabra said.
To bridge the deficit, the high commissioner urged Kenyan investors to take advantage of direct trips to Mumbai and create partnership, according to Kenyan media reports.
Betty Maina, principal secretary in Kenya’s department of investment and industry said Indian companies have invested in cotton, textile and apparel sector in Kenya.