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The importance of India-Kenya relations


The importance of India-Kenya relations
© Provided by The Financial Express
The recent visit of External Affair Minister S. Jaishankar s three-day visit to Kenya is significant as it was the first in-person visit to an African country amid the Covid-19 pandemic. (Photo source: ANI)
By Dr Neha Sinha, 
The relationship between India and Africa is rooted in shared values and principles which are reflected in close cooperation in bilateral and multilateral forums. The African continent is significant for India and it would be prudent to give it its due importance as six of the world s ten fastest growing economies are located in Africa. Several initiatives are being taken to deepen bilateral partnership and to upgrade India-Africa engagement. While addressing the Uganda Parliament, Prime Minister Modi stated, Africa is on top priority and India s relation with Africa is guided on ten principles . India’s Africa policy is mainly guided by its shared historical li ....

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MSMEs: Transforming industrial landscape: State incentives may yield long-term economic benefits


Synopsis
In India, incentives are made available on two levels - Centre and State. The central government incentives are usually sector-specific and administered by the relevant ministry.
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The momentum generated by these initiatives may trigger the creation of a dynamic business ecosystem and yield long term economic benefits.
Industrial growth is regarded as an indicator of a country s development. Government support plays a key role here. On that line, fiscal incentives policies for industries have been a part of the government strategy for years. They seek to incentivize economic growth through industrial investments by offering subsidies (incentives/concessions)in return. Over the years, as the provision of incentives has gained prominence, they have become a significant factor in the investment decision. ....

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