Monday
January 18
2016

India Battles China for Kenya’s Market

India is seeking to recapture its long-held position as Kenya’s largest source of imports from China.

India’s High Commissioner to Kenya Suchitra Durai said on Friday her country was keen on growing investment opportunities in energy, agriculture and health sectors in Kenya.

She said her nation is also planning to extend lines of credit to Kenya and offer more business opportunities.

Durai denied India was competing with any country, insisting the move was aimed at balancing trade between the two countries, which is currently in her country’s favour.

“We are committed to increase bilateral trade with Kenya. Though we are a big trade partner, it is still below our potential,” Durai said, during the three-day Kenya-India “Buyer-Seller Meet” exhibition that started Friday through yesterday.

Source: The Star (link opens in a new window)

Categories
Health Care
Tags
energy, global health, health care, impact investing