- Union Minister for Commerce, Industry & Textiles Anand Sharma Tuesday urged Kenya to lower import duties on textile products exported from India.
- Kenya imposes high import tariffs (MFN Duty) on the imports of Man-made fibre textile items from India viz. Yarn and Fabrics up to 25%, and Made ups up to 50%. In addition to tariff, Kenya also imposes 16% Value Added Tax (VAT) on imports.
- Sharma also asked for the greater cooperation among the trade bodies and business chambers from both the countries will facilitate growth in textile trade.
- The Indian minister mentioned about the investment opportunities in India and that equity participation up to 100% through automatic route is permitted in the textile sector.
- In the calendar year 2010, Indian Textiles & Clothing (T&C) exports to Kenya were US$ 100 million against US$ 77 million during 2009. Manmade Staple Fibre (MMSF), Manmade Filaments (MMF), Apparel articles and textile article nesoi / clothing are the major textiles export items to Kenya.
- During the first seven months of calendar year 2011, there has been a decline in the exports of T&C items to Kenya by 13.81% moving to USD 50 million as against USD 58 million in the corresponding period of 2010.