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Indian investors urged to partner with Kenyan counterparts

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.

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Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

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