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India - Kenya Joint Trade Committee meeting held in Nairobi

The 8th meeting of India-Kenya Joint Trade Committee was held in Nairobi, Kenya, from August 22 to 25. The meeting was co-chaired by Commerce Minister, Suresh Prabhu and Mr. 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, expansion and diversification of bilateral trade.

Kenya’s readiness to join the International Solar Alliance, implementation of Lines of Credit, of over US$ 220 million, extended by India in power transmission was also taken up at the meeting. Other issues discussed include, SMEs development, revival of the Rivatex factory and agricultural mechanization, implementation of decisions taken during the high level exchanges, cooperation in health, blue economy, agro-processing sectors and WTO related issues; and training & capacity building programs offered by India.       

An Agreed Minutes of the Meeting was signed by both Ministers. A meeting of India-Kenya Joint Business Council was held on the side-lines of the Joint Trade Committee meeting. In his address to the Kenyan and Indian business leaders, Suresh 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 and apprised them about the various developmental initiatives and achievements of the Government of India.  

During the visit, Suresh Prabhu, called on the Kenyan President, Uhuru Kenyatta, and Deputy President, Mr. William Ruto. The Commerce Minister, Suresh Prabhu, was accompanied by senior officials of the Ministry of Commerce & Industry and a business delegation.

India and Kenya are Indian Ocean neighbours and share longstanding trade and people-to-people contacts. At present, India is one of Kenya's largest trade partners and the second largest foreign investor in Kenya. Indians are the third-largest group of tourists to visit Kenya. The last meeting of Joint Trade Committee was held in New Delhi in February 2015.

 

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