Indian firms seek to invest in Sh2.5 trillion Lapsset project

Indian firms seek to invest in Sh2.5 trillion Lapsset project

Indian companies want to partner with Kenya in the construction of the Sh2.5 trillion Lamu Port Southern Sudan-Ethiopia Transport Corridor, the country’s High Commission in Nairobi has said.

Deputy High Commissioner Rajesh Swami yesterday said India is keen to increase its investments in Kenya, which include giving credit to the government for development projects.

“Private companies have shown interest in infrastructure projects. A number are seeking to partner in the Lapsset,” Swami said.

Indian firms are also interested in investing in the information communication and technology, pharmaceutical, textile and health sectors, the commissioner said.

“India is already among major investors in the banking sector, insurance and motor industry in Kenya,” Swami said.

He was speaking in Nairobi ahead of the multi-sectoral Indian meet – Source India Kenya – which begins today up to Friday at the KICC.

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