Seeking to bolster their ties, India and Kenya today decided to deepen and expand cooperation in a wide range of areas as they signed seven pacts.
Seeking to bolster their ties, India and Kenya today decided to deepen and expand cooperation in a wide range of areas as they signed seven pacts, including in the field of defence and security and avoidance of double taxation.
We take a look at 10 things that Prime Minister said in his joint statement:
1) India is Kenya’s largest trading partner and the second largest investor here. Even with that there is potential to achieve much more.
2) The MoU on Defence Cooperation signed will entail staff exchanges, expertise sharing, training, cooperation in hydrography and equipment supply.
3) Besides MoUs in defence and security, revised pact on avoidance of double taxation and two LOCs, the other agreements were in the fields of visa, housing and measuring standards.
4) Terrorism poses a common challenge. We agreed to deepen security partnership in cyber security, combating drugs, narcotics & human trafficking.
5) PM Modi also announced extension of concessional Line of Credit (LOC) of $44.95 million to the African nation to help it in development of small and medium enterprises and textiles.
6) India will also build a cancer hospital in Kenya to provide quality and affordable healthcare.
— Vikas Swarup (@MEAIndia) July 11, 2016
7) India is ready to share its expertise and experience with Kenya for its development goals.
8) Like the success of M-Pesa, our innovations are relevant not just for our societies, but will help improve lives in other developing countries.
9) Describing Kenya as a “valued friend and trusted partner” of India, Modi said the bonds between the two countries are long-standing and rich, with the two sharing a common legacy of struggle against colonialism
10) Reiterating that India is one of the brightest spots in the world economy, he said Kenya is a land of strong opportunities. “India is Kenya’s largest trading partner, and the second largest investor here. But, there is potential to achieve much more,” said Modi.
The Prime Minister said India and Kenya are two developing countries and also two innovation societies.
“And, the important part is that whether it is the process, products or technologies, our innovations are relevant not just to our societies. They also help improve the lives of people in other developing countries,” he said.
“The multifaceted development partnership is a key pillar of our bilateral relationship. Our development priorities are more or less aligned. As true and trusted partner, India is ready to share its development experiences and expertise, and concessional credit and capacities to assist in Kenya’s development objectives,” Modi said.
(With inputs from PTI)