Bharat Heavy Electricals Ltd (Bhel) plans to set up a transformer manufacturing plant in Kenya in a joint venture with the Kenyan government, as part of India’s growing engagement with Africa.
In addition, India has also offered to help Kenya put in place a standards and labelling programme for electrical equipment and an energy conservation building code.
At the recent sixth meeting of the joint trade committee (JTC) in Nairobi, India also proposed developing port, airport, road and railway infrastructure in Kenya by state-owned Rail India Technical and Economic Services (RITES), a subsidiary of Indian Railways.
“East Africa has been the gateway to Africa,” commerce minister Anand Sharma, who attended the meeting, told reporters in Nairobi on Thursday at the Namaskaar Africa initiative by the Federation of Indian Chambers of Commerce and Industry (Ficci), an industry lobby.
Kenya, along with Tanzania, Burundi, Uganda and Rwanda, is part of the East African Community (EAC).
Bhel is seeking a joint venture in equipment manufacturing to help it control costs while bidding for projects in the region. A plant located in Kenya will help it service markets in Africa, which is facing a chronic power shortage.
more at:
http://www.livemint.com/2010/10/18213126/Bhel-plans-to-make-transformer.html?atype=tp
Monday, October 18, 2010
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