India-based ProTrade is scheduled to host the Source India Expo at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya this week.
The 3-day expo will run from January 11-13, 2017 at the KICC Tsavo ballroom, bringing together India traders looking to partner with Kenya business people in new business ventures in order to expand and identify new markets for their products and services, reduce production cost and develop joint business ventures.
Speaking at the Source India Expo’s pre-event media briefing, Mr Rajesh Swami, India’s Deputy High Commissioner to Kenya noted that the expo is significant as it is the first major bilateral commercial event organized by an Indian firm this year.
“The event comes at a time when Kenya’s President Uhuru Kenyatta is on a state visit to India where he expected to sign various MoUs. During the previous visit to Kenya by Indian Prime Minister Narendra Modi, seven major bilateral MoUs were signed between the two countries,” said Mr Swami, adding that the PM Modi also announced a US 1 million grant to the University of Nairobi for refurbishment of one of its facilities.
The Source India Expo, whose overall aim is to ensure ease of trade and strengthen the trading relationship between the two countries, will focus on various industries including Auto Component, Engineering, Health Care & Pharmaceuticals, Infra Build, Plastic & Rubber, Dyes & Chemicals, Food & Agriculture, Telecoms & ICT, Textile, Education, Stationary and Financial Services.
A business delegation, comprising of over 90 representatives of Indian companies, are attending the Expo with the prime objective of improving their existing relations, develop new business with their Kenyan as well as other East African counterparts and explore the scope of investment in Kenya.
They are expect to meet and engage with their Kenyan counterparts comprising of manufacturers, importers, distributors, entrepreneurs, wholesalers and retailers for business engagement and investment tie ups.
Source India Expo is organized in partnership with the Kenya National Chamber of Commerce and Industry (KNCCI), Kenya Investment Authority (KenInvest) and the East Africa Chamber of Commerce, Industry & Agriculture (EACCIA).
Trade Promotion Council of India (TPCI) is providing institutional support to the business event by organizing a collective participation of 25 member companies. The Indian High Commission in Kenya has also extended their support to this event.
Among those expected to address the gathering at Tsavo Hall, KICC are Charles N Kahuthu, CEO, EACCIA; Laban Onditi Rao, National Vice Chairman, KNCCI and Pius Rotich, General Manager, KenInvest.
Through Source India Kenya 2017, it is expected that the bilateral trade, investment and business relations will get strengthened which will have a positive impact on Kenyan economy through Joint Venture initiatives, employment generation and achieve import competitiveness.