Related Keywords: AGAO, duty free imports for the exports, encourage to set up shop, enjoy the benefits of EPZs, give tax incentives, hired former African cotton and textile industry federation director, Kenyan government, reduce energy rates, revive textile and apparel sector, targets to raise sh100 billion, tax rebate, to advise the ministry
Industrialisation Cabinet Secretary Aden Mohamed has hired Mr Rajeev Arora , the Former African Cotton and Textile Industry Federation director to advise the ministry on reviving the sector. The Kenya government will now give tax incentives to 10 local and 11 multinationals, as well as reduced energy rates, to encourage them to set up shop. It also targets to raise Sh100 billion in textiles and apparels by 2017.
Export firms will pay US cents 9/kwH, against the industry average of US cents 14/kwH, with a promise that the rate will be cut further to US cents 7/kwH in two years.
