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Kenya attracts Indian investment in housing sector

Oct 28, 2022

Kenya can be a gateway for India not only to the African continent, but also to USA and Europe. WTC Mumbai and All India Association of Industries (AIAI) organized an interactive meeting with Ms. Irene Oloo, Deputy High Commissioner of the Republic of Kenya and other senior officials of the Kenyan trade mission in India to discuss scope for enhancing bilateral economic relations.

Speaking on this occasion, Ms. Oloo remarked, “India can be a strategic partner in Government of Kenya’s Vision 2030 - to transform into a newly industrialized middle income country. This is an amazing time for India to partner in this Vision by strengthening our relations in affordable housing, universal healthcare, food & nutrition security, blue economy and manufacturing which are the priority areas of our government.”

Other sectors that Indian companies have a scope in are information & communication technologies, financial services, renewable energy and construction materials informed Ms. Oloo,

Earlier in his welcome remarks, Dr. Vijay Kalantri, Chairman, MVIRDC WTC Mumbai said that “The current level of USD 2.5 billion bilateral trade volume belies the true potential. We can double this trade volume if both the countries explore business opportunities in mining, oil and gas, agro products, including avocadoes, tea, coffee etc. WTC Mumbai will facilitate exchange of two-way trade delegation to strengthen relations beyond just wildlife tourism to other sectors such as manufacturing, services and agro-processing.”

Mr. Ajoykaant Ruia, Vice Chairman, MVIRDC WTC Mumbai proposed the vote of thanks for the event.

The programme was attended by delegates from trade & industry, tech companies, consular corps, financial institutions and academia.

In Photo (From left to right): Mr. Ajoykaant Ruia, Vice Chairman, WTC Mumbai; Dr. Vijay Kalantri, Chairman, WTC Mumbai;  Ms. Irene Oloo, Deputy High Commissioner of the Republic of Kenya and Mr. Ramavtar Goenka, Honorary Consul of the Republic of Kenya