The CS further said the levels of foreign investments have continued to increase in Kenya as a result of the reforms that have been implemented in recent years.
“In 2013, Kenya received a total of Sh313 billion in foreign direct investments, which was four times more than the amount received in 2012. This was achieved despite 2013 being an election year,” added Mohamed.
Speaking during the occasion, Vinay Kumar, Joint Secretary, Ministry of External Affairs of India,said a formal proposal on reviewing the LOCs would be forwarded to the Government for consideration.
“We are also in the process of considering several pending LOCs and look forward to negotiating new ones,” said Kumar.
On his part, the Chairman of the Confederation of Indian Industry, Rajeev Mehrotra, hailed Kenya for the rapid progress the country was making in various fronts and called for enhanced collaboration between the two country’s chambers of commerce.
