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Kenya ties up with India to rebuild textile sector
23
Oct '10
Kenya and India are looking forward to double their trade in a period of next two years. Both the countries are eyeing textile and infrastructure projects as means of reviving relations between them.

Both the countries have agreed to enhance the bilateral trade up to Sh200 billion towards the end of 2013. Kenya has been expecting India's aid to change the Export Processing Zones into Special Economic Zones.

Nairobi has been also expecting support in developing the textile sector of the country.

According to a statement issued by the Ministry for Trade in Kenya, in 2005-06, the bilateral trade between both the countries had valued at Sh50 billion, which further had increased to Sh120 billion in the year 2009-10, registering a rise of 145 percent over a period of four years.

In 2005-06, India's export to Kenya had amounted to Sh46 billion. It increased to Sh112 billion in the year 2009-10.

In 2005-06, India's import from Kenya had valued at Sh3.8 billion. It increased to Sh6.3 billion in the year 2009-10.

Fibre2fashion News Desk-India


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