Sharp Daily
No Result
View All Result
Friday, April 17, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya Inks Partnership With India To Boost Textile Industry

Sarah Wamaitha by Sarah Wamaitha
September 21, 2022
in News
Reading Time: 2 mins read
[photo/Courtesy]

[photo/Courtesy]

Kenya and India have inked a partnership deal aimed at encouraging trade and investment in the textile and industrial sectors. The agreement presents a chance for both countries to attract investments by demonstrating their deep textile traditions and cultures and directing investors for growth and expansion, according to India ITME, a non-profit apex industry group from India.

India International Textile and Manufacturing Expo’s planning and preparation will have the Kenya National Commerce and Industry (KNCCI) as an official partner. This is set to take place in India from December 8 to 13, 2022. In his inauguration speech, President William Ruto mentioned that his government will leverage on competitive advantage in leather and textiles to roll out a labour-intensive agro-processing industrialization programme.

According to CS industrialization Betty Maina, the textile and apparel industry makes up 6% of the entire manufacturing industry making up 0.6% of Kenya’s GDP.

Read: How Gov’t Can Improve Public-Private Partnerships In Kenya

RELATEDPOSTS

Betting on cities: Why Africa’s urban growth Is becoming an investor magnet

April 10, 2026
On December 9, 2025, the Central Bank of Kenya lowered its benchmark rate to 9.00 percent, its lowest since early 2023.

CBK holds base lending rate at 8.75 percent as global risks rise

April 9, 2026

Kenya will benefit from the relationship with India by gaining expertise to establish significant domination in the spinning sector and by capitalizing on the cutting-edge equipment produced in India. Kenya is set to benefit from its cooperation with India, according to Rohit Vadhwana, Deputy High Commissioner and DPR to UNEP and UN-HABITAT, who observed that India has made significant progress in improving the textile industry creating employment opportunities and skill development for young people,

As a result of the agreement, Ambassador Isaiya Kabira (Director General International Conferences, Media Events and Public Communications – Ministry of Foreign Affairs Kenya) expressed interest in organizing an official delegation from Kenya to visit India in December 2022 in order to examine additional opportunities for cooperation between the two countries.

Read: SGA Security Partners With Africa Collect Textiles To Re-Use Guards’ Uniforms Into School Bags

The arrangement comes as Kenya works to develop its textile industry, which has long served as a hub for shipping and trade with Asian and Arab nations. Kenya’s exports of textiles and clothing climbed by 5% in FY2021 compared to FY2017, while imports rose by 10%.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Court Revokes SportPesa License

Next Post

FBI Links Ksh30 Billion Kenyan Investment To US Fraud

Sarah Wamaitha

Sarah Wamaitha

Related Posts

News

Kenya seeks rapid world bank support to shield economy from Iran war shock

April 17, 2026
News

Kenya’s expressway push: can new roads unlock growth or deepen the toll debate?

April 17, 2026
News

KBA Moves to Block Bancassurance Fee Ban in Court

April 17, 2026
News

KUSCCO and the Failure of Cooperative Finance: What Went Wrong and What Must Change

April 17, 2026
News

Streaming wars intensify as rising costs and AI disrupt the global film industry

April 17, 2026
News

The role of corporate governance in investment decisions

April 17, 2026

LATEST STORIES

Kenya seeks rapid world bank support to shield economy from Iran war shock

April 17, 2026

Kenya’s expressway push: can new roads unlock growth or deepen the toll debate?

April 17, 2026

KBA Moves to Block Bancassurance Fee Ban in Court

April 17, 2026

KUSCCO and the Failure of Cooperative Finance: What Went Wrong and What Must Change

April 17, 2026

Streaming wars intensify as rising costs and AI disrupt the global film industry

April 17, 2026

The role of corporate governance in investment decisions

April 17, 2026

Bridging the gap between financial policy and practical use

April 16, 2026

Corporate governance and business sustainability

April 16, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024