India-Kenya joint trade committee held in Nairobi

Union Minister of Commerce and Industry, Suresh Prabhu, and Kenyan counterpart, Peter Munya, exchanged documents during the 8th India-Kenya Joint Trade Committee

August 25, 2018

The discussions during the meetings covered India’s contribution in implementation of Kenya’s Big Four Agenda – food security, affordable housing, universal healthcare and manufacturing

The nations also discussed expansion of bilateral trade, Kenya’s readiness to join the ISA as well as implementation of credit lines worth over US$220 million from the Indian Government

India is one of Kenya's largest trade partners and the second largest foreign investor. Currently there are over 80,000 Indian origin people in Kenya, including around 20,000 Indian citizens

India’s development partnership in Africa currently includes around 180 lines of credit worth about US$11 billion in over 40 countries;Indian firms have invested over US$54 billion in Africa

The 8th meeting of India-Kenya Joint Trade Committee was held in Nairobi, Kenya, over August 22-25, 2018. The meeting was co-chaired by Union Minister of Commerce and Industry, Suresh Prabhu and Peter Munya, Cabinet Secretary (Minister) for Industry, Trade and Cooperatives, Government of Kenya. The discussions during the meetings covered India’s contribution in implementation of Kenya’s Big Four Agenda – food security, affordable housing, universal healthcare and manufacturing. The nations also discussed expansion of bilateral trade, Kenya’s readiness to join the International Solar Alliance as well as implementation of credit lines worth over US$220 million from the Government of India.

India has offered Kenya credit to support projects related to power transmission, SMEs development, healthcare, revival of the Rivatex factory and agro-processing sectors. A meeting of India-Kenya Joint Business Council was also held on the sidelines of the Joint Trade Committee meeting. In his address to Kenyan and Indian business leaders, Mr Prabhu emphasized on research and design in products specific to Kenyan needs and urged Indian businesses to carry out a market study to identify priority areas for bilateral cooperation. The Commerce Minister also interacted with the members of the Indian diaspora in Kenya. Currently there are more than 80,000 Indian origin people in Kenya.

During the visit, Mr Prabhu, called on the Kenyan President, Uhuru Kenyatta. At present, India is one of Kenya’s largest trade partners and the second largest foreign investor. Indians are the third-largest group of tourists to Kenya. Meanwhile, India’s development partnership in Africa currently includes around 180 lines of credit worth about US$11 billion in over 40 countries. Additionally, Indian firms have invested over US$54 billion in Africa and the nation’s trade with Africa is now worth over US$62 billion. This is over 21 per cent more than in the previous year. Government of India has put special emphasis on strengthen ties with the developing economies of Africa to drive mutual growth.

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