Related Keywords: cotton shortage, Export-Import Bank of India, financing agreement, Kenyan government, Rift valley textile company, Rivatex revival
India showing interest in revival and expansion of the Rift Valley Textile Company Ltd (Rivatex) currently owned by Moi university Company, which acquired and revived it after it collapsed.
India will sign a financing agreement with the Kenyan government once it is satisfied with the firm's revival. The Export-Import Bank of India will provide funding for the planned expansion of the textile company. Rivatex's operations will be expanded at a cost of Sh7.9 billion.
