Kenya is looking at attracting India’s high-value leather investors to Kenyaâ€

RUPTLY 2016-11-26

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Kenya is looking at attracting India’s high-value leather investors to Kenya’s leather value chain to reduce the trade deficit between the two countries as well as increase the industry’s leather processing. According to principal secretary, state department of industry and enterprise development, Julius Korir three of the visiting delegates and 9 local companies have showed interest in investing in the leather industry. Kenya is in the process of expanding its leather production capacity with the expected launch of the Kenya leather park in the coming months. In the past, Kenya has targeted the improvement of tannery sub-sectors to strengthen the leather industrial capacity for production of finished leather products so as to reduce the trade deficit in the country which stood at 997 billion shillings in 2015.the partnerships with India are hoped to bridge the gap in the leather value chain and exploit unique opportunities in the market to enable the country to utilize its competitive advantage in the industry creating millions of jobs and wealth for Kenyans.

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