Kenya seeks India’s help in setting up SEZs

November 29th, 2010 - 5:11 pm ICT by IANS  

New Delhi, Nov 29 (IANS) Kenya has sought financial and technical assistance from India in setting up special economic zones (SEZs), Minister of State for Commerce and Industry Jyotiraditya M. Scindia said Monday.

“The Kenyan government has sought Indian assistance through exposure programmes for Kenyan officials to successful SEZs in India,” Scindia said in written reply to a question in the Lok Sabha.

He said the Kenyan government has also sought support for investment promotion activities, availing of lines of credit and buyers’ credit from Indian financial institutions.

Kenya requested Indian assistance for transformation of its export processing zones (EPZs) into SEZs during the 6th India Kenya Joint Trade Committee meeting in Nairobi last month.

“The government of India has requested the Kenyan government to give details of their existing laws governing SEZs/EPZs as well as the incentives in these areas and to submit proposals on the specific areas requiring technical assistance,” Scindia said.

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