President William Ruto said in Nairobi, Kenya's capital, that the Kenya Manufacturing Vision 20by30 provides a roadmap to increase the sector's contribution to the gross domestic product (GDP) from the current 7.2 percent to 20 percent by 2030.
"It is possible for us to create a million jobs from the manufacturing sector," Ruto said.
He observed that the East African nation will expand its industrial sector through continuous engagement, consultation, sharing of ideas, and moving together as a nation.
"We can build a whole eco-system that will aggregate Kenya's production since we have put in place initiatives to create an enabling business environment, for instance, policies, and infrastructure. Furthermore, we can leverage natural resources such as clean energy to bring down the cost of power," he said.
The Kenyan leader noted that there are huge opportunities for value addition. "We have the biggest competitive advantage in the tea sector. By processing our tea, we can increase revenues through export," he said.
Rajan Shah, chairman of the Kenya Association of Manufacturers (KAM), said that there are four key areas, which have the potential to enable the realization of Vision 20by30.
"Global competitiveness, export-led growth, industrialization of agriculture which shall create the linkage between agriculture and industry and small and medium enterprise development," Shah added.
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