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India shows interest in Kenya’s leather industry; assures mega investment in near future

Updated: Jul 29, 2019 08:30:12am
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India shows interest in Kenya’s leather industry; assures mega investment in near future

Kenya, July 29 (KNN) Showing interest in Kenya’s leather industry, the Council of Leather Exports (India) has assured of mega investments in the near future.

During the three-day visit to Kenya with a 14-member business delegation from India to meet government and private sector players for possible partnerships and investment opportunities, Chairman of the Council, Aqeel Ahmed said Indian investors continue to see Kenya as a regional hub.

“Investment opportunities that we have in this country are amazing. We believe we could do huge investments in the coming year, that is why we are here,” Ahmed told Journalists at the event.

According to Kenya’s industrialization Principal Secretary, PS Betty Maina, the leather sector in the country contributes 0.3 per cent to the gross domestic product and the partnership with India will be looking at improving the sector’s output.

Speaking at a forum to discuss the investment and trade opportunities between Kenya and India, Maina said principal secretaries will soon have a workshop to come up with policies on the revitalization of manufacturing with leather and footwear being some of the priority areas.

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