Home / Knowledge / News / Textiles / India & Kenya discuss import tariff on MMF products
India & Kenya discuss import tariff on MMF products
21
Mar '12
Shri Anand Sharma, Union Minister for Commerce, Industry & Textiles met with the Trade Minister of Kenya Mr. Chirauli Mwakwere. Shri Sharma during the meeting asked Kenya side about the investment opportunities in India and that equity participation up to 100% through automatic route is permitted in the textile sector.

Minister also raised issues of higher import tariff with Kenya's dignitary. It is to be noted that, Kenya imposes high import tariffs (MFN Duty) on the imports of Man-made fibre textile items from India viz. Yarn and Fabrics up to 25%, and Made ups up to 50%. In addition to tariff, Kenya also imposes 16% Value Added Tax (VAT) on imports.

During the meeting Minister Sharma asked for the greater cooperation among the trade bodies and business chambers from both the countries will facilitate growth in textile trade. “Major departmental stores, an importer and retail chain based in Kenya is welcome to participate in the next edition of fairs / exhibitions to be organized in India,” Minister said.

On the backdrop of 6th India-Kenya Joint Trade Committee (JTC) meeting, Ministry of Textiles has forwarded the details of the Integrated Skill Development Scheme to Department of Commerce with request to share the same with Kenya. A copy of the same was handed over to the visiting dignitary.

Shri Sharma later informed that, in the calendar year 2010, Indian Textiles & Clothing (T&C) exports to Kenya were US$ 100 million against US$ 77 million during 2009. Manmade Staple Fibre (MMSF), Manmade Filaments (MMF), Apparel articles and textile article nesoi / clothing are the major textiles export items to Kenya.

As per latest available statistics, during the first seven months of calendar year 2011, there has been a decline in the exports of T&C items to Kenya by 13.81% moving to USD 50 million as against USD 58 million in the corresponding period of 2010. Imports from Kenya during the calendar year 2010 were USD 3.4 million and the majority of it was on account of the Wool and Veg Text Fib nesoi / paper yarns.

Shri Sharma mentions that, “Kenya is an attractive gateway to the emerging markets of the East African Community as well as to some of your other neighbours and to parts of Central Africa. Indian businesses have been investing in Kenya, in several sectors such as telecommunications, petrochemicals and power.” As per Department of Economic Affairs, Indian companies have invested US$ 136.34 million in Kenya during April 2005 to Feb. 2011. Comparatively, FDI inflows from Kenya to India were US$ 18.8 million during April 2000 to December 2011.

Minister expressed happiness over the fact that last November 2010, Exim Bank of India signed an agreement with the Government of Kenya for a $61.6 million concessional Line of Credit extended by Government of India for power transmission lines and substations.

India is presently implementing the Pan-African e-Network project inKenya. This will link universities and Hospitals in Kenya and India through tele-education and tele-medicine services. VVIP connectivity is also envisaged.

The project is running successfully in countries across Africa. An India-Kenya Double Taxation Avoidance Agreement (DTAA) was signed in 1989. Negotiations for concluding a Bilateral Investment Promotion Agreement (BIPA) and to review the DTAA have been under consideration of the two governments for some time.

Ministry of Commerce & Industry


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search