What are the trade and investment opportunities that can be shared with Kenya?
Kenya has called upon Indian entrepreneurs to explore investment opportunities in the areas of textiles, fertilisers, pesticides and tyres. Kenya offers various benefits to investors including a liberal economic regime, cheap labour, investment protection and good market access to developed countries such as the United States. We still have only one tyre company in Kenya. Indian tyre companies must look at Kenya for setting up units. We also encourage Indian entrepreneurs to set up units in Kenya’s export processing zones in the area of textiles and take advantage of the duty-free and quota-free access. Indo- Kenyan trade relations have been tilted in favour of India, with India’s exports to Kenya at approximately $150 million and Kenya’s exports to India at approximately $40 million. There is much scope for Medium and Small Scale Industries. Kenya has taken several initiatives in conserving wildlife and maintaining the ecological balance. How can India learn from Kenya in areas of con