Nairobi, Kenya| Bidco Oil Refineries Ltd. CEO Vimal Shah has urged manufacturers to align their production processes with emerging technologies and innovative systems to stay competitive amid a challenging business environment.
Speaking on the current economic landscape, Shah acknowledged the difficulties businesses face but emphasized that these challenges also present significant opportunities—particularly in local production and value addition.
He encouraged manufacturers to adopt an optimistic outlook and leverage new technologies to enhance efficiency, increase output, and expand both local and export markets.
“How industrialists view the current business environment depends on the lens you wear,” Shah stated.
“A pessimistic view highlights declining consumer spending, which is a reality. But an optimistic perspective asks: where are the opportunities? What products are in demand, where are they sourced, and how can we add value locally? Can we then export these products?”
Shah stressed the importance of value addition in manufacturing, urging industry players to focus on processing raw materials into finished goods to create employment, boost local industries, and reduce reliance on imports.
He highlighted that the demand for locally made products remains strong, and businesses that adapt to changing consumer needs and technological advancements will thrive.
Additionally, he called on the government to enhance its support for local manufacturers by strengthening initiatives like “Buy Kenya, Build Kenya.”
According to Shah, the government’s commitment to boosting local industries is clear, but businesses must align themselves with these policies to fully benefit.
“This is where the government’s focus should be. The intentions are clear—it wants more local manufacturing. Now, we need to align with these policies and ensure that businesses have the necessary support to grow,” he added.
Shah’s remarks come at a time when many businesses are grappling with economic uncertainties, supply chain disruptions, and shifting consumer behavior.
His call for technological adaptation and strategic planning underscores the importance of resilience and innovation in driving the future of Kenya’s manufacturing sector.
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