Faisalabad: Kenyan High Commissioner Mishi Masika Mwatsahu has invited Pakistani investors to set up textile units in Kenya to avail the tariff concession facility for export to Europe and other developing countries. She was addressing the leading textile exporters during her visit to the Faisalabad Dry Port.
She said Pakistan and Kenya enjoy close political and business relations since their independence. She appreciated the vision of President Pervez Musharraf to put Pakistan on road to economic progress and prosperity. She said that Kenyan government was also implementing a revolutionary strategy with a new commitment.
However, "The major challenge is industrial development and in this connection we are reviewing our investment policies," she said adding that government has provided an efficient customs, port management and transport system in addition to the provision of cheap utilities and skilled manpower.
She stressed for joint venture to exploit the business opportunities available in Kenya and said that Faisalabad has made phenomenal growth in textile sector and could help Kenya revive it for the benefit of the two countries.
She said that Pakistani industrialists could avail the tariff concession facilities available to Kenya for the export of textiles to European countries.
Chairman Faisalabad Dry Port Trust (FDPT) Chaudhry Muhammad Siddique also spoke on the occasion. Earlier, Mishi Masika Mwatsahu visited various parts of the Dry Port and appreciated its management. – BR
Sources: South Asia Logistics
July 21, 2006
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