Trade between India & Kenya
Bilateral trade grew by 57% to reach US$ 2.4 billion in 2010-11. Nearly US$ 2.3 billion constituted India’s exports to Kenya. India is the sixth largest trading partner of Kenya. According to Kenyan statistics, bilateral trade for 2011 was approximately US$ 1.8 billion. The figure for Indian exports to Kenya during January-May 2012 is US$ 893 million (13% of total Kenyan imports, largest exporter to Kenya), while Indian imports from Kenya during the first quarter of 2012 amounted to US$ 22 million. Main Indian exports to Kenya include pharmaceuticals, steel products, machinery, yarn, vehicles and power transmission equipment. Main Kenyan exports to India include soda ash, vegetables, tea, leather and metal scrap.
Investment Of Indian Companies In Kenya
Tata Chemicals Ltd. acquired Magadi Soda Company Limited in 2005. Several leading Indian public sector insurance companies participate in KenIndia Assurance Co. Ltd. More recent investments by Indian corporates in businesses in Kenya include Essar Energy (petroleum refining), Bharti Airtel, Reliance Industries Ltd. (petroleum retail); Tata (Africa) (automobiles, IT, pharmaceuticals, etc.). Several Indian firms including KEC, Kalpataru Power Transmission Ltd., Power Grid Corporation of India Ltd., Kirloskar Brothers Ltd., Mahindra & Mahindra, Thermax, WIPRO, Jain Irrigation System Ltd., Punj Lloyd, VIL Ltd., Emcure, Dr. Reddy, Cipla, Cadila, TVS and Mahindra Satyams, etc., have a business presence in Kenya as do the Bank of India and the Bank of Baroda. HDFC has a Representative Office.
India at Kenya trade fairs :
Participation of 15 Indian companies through CII in 15th Build Expo Africa (May 2012); participation of 25 Indian companies in Buyers Sellers Meet organized by CHEMEXCIL (March 2012); participation of 24 Indian companies through FIEO at the 15th Kenya International Trade Exhibition in Nairobi in November 2011; participation of Plastics Export Promotion Council (PLEXCONCIL) with 48 Indian exhibitors at the 4th International Exhibition for Plastics, Rubber and Packaging Industry held in Nairobi in July 2011; participation by 11 Indian companies at the Build Expo Kenya exhibition; Buyers Sellers Meet organized by the Engineering Exports Promotion Council (EEPC) in Nairobi in April 2011; ‘India: Medical Tourism Destination 2011’ organized by Services Exports Promotion Council (SEPC) in Nairobi in March 2011. Tata Africa Holdings (Kenya) and Mahindra & Mahindra were among the companies that participated at the Kenya Motor Show that was held in Nairobi in September 2011. Development.
Ministry of External Affairs, Government of India : http://www.mea.gov.in/
Federation Of India Export Organizations ( FIEO ) : www.fieo.org
Expogroup Trade Fairs In Kenya : www.expogr.com