The Dutch delegation attend the 10th Expo Pakistan in Karachi mainly comprising of businesspersons and industrialists from the textile sector have shown deep interest in exploring opportunities in Pakistan.
Trade and Industry Cabinet Secretary Adam Mohamed during a meeting with Iranian minister of Trade and Mining Mohammed Reza who is in Kenya seeking investment opportunity said that Kenya is particularly leveraging on Iran’s expertise in the textile and oil and gas sectors to develop strong local industries and seeks to enrich trade ties between the two countries.
The meeting is a follow-up of a memorandum of cooperation signed between the two countries during the 10th ministerial meeting of the World Trade Organization.
Commerce Minister Nirmala Sitharaman after a meeting with export promotion councils (EPCs) in New Delhi on Tuesday said that the government will work with various departments including environment, textiles and finance to simplifying procedures towards improving the ease of doing business in the country and boost exports.
Many of the issues which are enablers to better exports have been identified, issues which may have a bearing on the forthcoming budget were also raised, she said.
LC Waikiki, Turkey based clothing firm that operates in over 20 countries across the globe, has expressed its interest to invest in Kenyan textile and apparel sector as it offers a world class investment location with competitive advantage to boost Nairobi’s efforts to grow the textile and apparel sector.
The company is in discussion with leading shopping malls, namely, The Junction, Two Rivers and Garden City, in a bid to acquire retail shops. Kenya is on the charm offensive to win big in the textile sector.
The boost in Tanzanian textile sector will help attract more Chinese investors which will benefit of both countries. Chinese Vice President, Li Yuanchao during his last week’s visit to Tanzania assured there will be increased investment by his countrymen should the textile industry in Tanzania continued improved performance. Vice President, Li Yuanchao, toured the Chinese owned Tanzania Tooku Garments Co. Ltd that was established within one of the Export Processing Zones in Dar es Salaam in 2011 specializing in the research, development and production of garments.
