State waives duty for steel tycoon equipment to build Sh11b plant

Devki Group chairman Narendra Raval said there will be technological skills transfer from his company to the local community. [File, Standard]

Billionaire Narendra Raval will import the equipment required for establishing the Sh11 billion steel plant in Taita-Taveta duty-free, in what the government says is a move to boost the local manufacturing sector.

Industry Principal Secretary Dr Juma Mukhwana said the investor was given a duty exemption to import his equipment for the project.