Raila woos investors in India
What you need to know:
- Mr Odinga was accompanied by governors Salim Mvurya (Kwale ), John Mruttu (Taita Taveta), Cornel Rasanga (Siaya) and his former campaign manager Eliud Owalo.
- The Indian expo will also seek to strengthen trade relations with their Kenyan counterparts.
- Mr Odinga also urged the Indian business community to take advantage of the Lapsset Corridor Project and use Lamu as a port of entry to the wider African market.
Former Prime Minister Raila Odinga has urged Indian entrepreneurs to take advantage of Kenya’s economic potential to grow trade volumes between the two countries.
Currently, the trade volume between Kenya and India stands at $3 billion (Sh270 billion) a year, Mr Odinga said.
“The Indian business community should take advantage of Kenya’s potential in the fields of manufacturing, infrastructure, mineral exploitation, manpower development, energy and agricultural produce value-addition to enhance the trade volumes between the two countries from the current $3 billion annual turnover to greater heights and also strive to balance the trade equation between the two countries,” he told the 20,000- strong Hyderabad Chapter of the Federation of Indian Export Organisations (FIEO).
Mr Odinga also urged the Indian business community to take advantage of the Lapsset Corridor Project and use Lamu as a port of entry to the wider African market.
During the meeting last Friday, the Indian entrepreneurs agreed to hold a trade expo in Nairobi from March 27 to 29 this year “to showcase to the Kenyan market India’s integral areas of comparative advantage in bilateral trade and investment.”
TRADE RELATIONS
The Indian expo will also seek to strengthen trade relations with their Kenyan counterparts.
FIEO is the apex body of Indian export promotion organisations set up jointly by the ministry of commerce, government of India and private traders and has been in existence since 1965.
Mr Odinga was also in New Delhi where he met with officials of CBS Technologies Company to explore possible partnerships with Kenyan counties in communal waste management.
The company is the Indian sanitation equipment market leader in manufacturing and installation of bio-toilets and digesters.
“Other than being an appropriate mechanism for addressing the challenge of solid waste management that is currently facing counties, the technology transforms sludge into beneficial products of drinking water and bio-gas for socio-economic development,” a statement by Mr Odinga’s press team said.
Mr Odinga was accompanied by governors Salim Mvurya (Kwale ), John Mruttu (Taita Taveta), Cornel Rasanga (Siaya) and his former campaign manager Eliud Owalo.
