Ahmedabad, 15th March, 2019: A delegation from Ahmedabad Management Association is all set to visit Kenya and Tanzania from April 14 to 21 to explore business opportunities in these developing countries.
India is the second largest investor in Kenya according to KenInvest. The bilateral trade was valued at USD 2.05 BILLION IN 2017-18.
Speaking during the talk on ‘Business and Investment Opportunities in Kenya’ organized by AMA,His Excellency Willy Bett, High Commissioner of Kenya to India said, “There is about 2.4 billion USD business that is happening between India and Kenya, currently. There is not a single sector in which Indian companies are not present in Kenya. With Kenya striving to achieve 100% food and nutrition security in the next five years, there will be great investment opportunities in the field of agriculture, including cold chains and agro-processing. The government is also giving great incentives to entice investors, and India will have the first mover advantage. It is time to restructure the relation between Kenya and India.”
Informing the details, Mr. Rajiv Mehta, President, AMA Said, “Kenya and Tanzania, two of the most developed countries in East and Central Africa are strategically placed to take big advantage of these coming changes. They are politically stable and have shown remarkable 6% GDP growth over the past decade. Their markets are act as hub for traders in the hinterland. Their ports at Mombasa and Dar-es-Salaam as well as new Lamu Port are the trade and logistics gateway to several land-locked countries such as Uganda and Zambia and their importance will increase further. A large number of infrastructural projects are taking place in these countries to enhance their expanded role in the fast-growing continent”.
Gujarat has a large number of globally competitive sectors which can take advantage of rising demand for industrial, commercial and household needs such as Casting and Forging, Automotive and Parts, Pharmaceuticals, Ceramics, Chemicals, especially specialty chemicals for growing industrialization etc. Gujarat possess a large pool of entrepreneurs who can invest in the several sectors like agro products, light engineering, infrastructural support and service sectors. There is a large concentration of people of Gujarati descendants in these countries whose local knowledge and business acumen can be leveraged.
The delegation will be meeting the Indian High Commissioner in Tanzania, Tanzania Investment Centre and Businessmen and Members of Tanzania Private Sector Foundation.
The delegation visiting Africa includes Mr Rajiv Mehta (Packaging, Management, Logistics Retail Marketing), Mr Rajiv Gandhi (Animal Vaccination and Health products), Mr Rajiv Vastupal (Woven sack bags and Export of wires and cables), Mr Savan Godiawala(Management, Corporate Finance, M&A), Mr Sanyal Desai (Industrial exhibitions, Strategic alliance, PR and Media Affairs), Mr Yatindra Sharma (Packaging machinery manufacturing and Marketing and Strategic management), Mr Bharat Patel (Healthcare, Organic farming, and Women empowerment), Mr Shailesh Goyal (Advertisement, PR, Media, Strategic marketing), Mr Hemant Shah (Management, Logistics, O&M contracts),
Mr R V Rao (Dyestuffs, Speciality chemicals, Textile dyestuffs), and Mr Nilesh Desai (Automotive, Agriculture, Farming, Insurance).
Similarly, in Kenya, the delegation will be meeting Indian and Kenyan businessmen organised by Indian High Commission in Kenya.
The delegation will explore possibilities of Investment in both these countries as well as exploring trading opportunities between these two countries and Gujarat.
