Financial deals included a line of credit agreement for Sh3 billion ($29.95 million) to the Kenya Government to upgrade the Rift Valley Textiles Factory. “He also appreciated the power transmission line projects being executed by Indian companies under a Line of Credit of US$ 61.6 million”, both nations said in the joint statement.
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Indian Prime Minister Narendra Modi (L) greets Kenyan President Uhuru Kenyatta after they addressed a joint news conference during his official welcoming ceremony at the State House in Nairobi, Kenya, July 11, 2016.
“Our historical people-to-people ties provide a strong basis to our wide-ranging partnership, which extends from agriculture and health to developmental assistance; from trade and commerce to investment; from closer contacts between our peoples to capacity building; and from regular political consultations to defence and security cooperation”, he said. Modi said they had agreed to boost “overall defence and security partnership”, in the maritime field in particular, in addition to fulfilling Tanzania’s “healthcare priorities”. “We will also be happy to enhance the level of investment in Kenya”.
Apart from this, five B2B documents were also signed between the two nations.
“India is fastest growing, large economy, globally and is improving its rank in various global indicators”, he said.
Without naming Pakistan, Prime Minister Narendra Modi today said that all those who shelter terrorists should be condemned while asserting that India wanted a lasting partnership with Africa.
The meeting was attended by deputy president William Ruto; eighty business leaders from India accompanied the PM Modi.
Modi described as a “good achievement” completion of a water supply augmentation project in Dar-es-Salaam with the Indian aid of US$I00 million.
“Our countries are major players in the global economy and share a common vision at shaping the development agenda through (India-Brazil-South Africa Dialogue Forum), Brics and other related trade platforms”. Addressing the students at the University of Nairobi here, Modi pitched for a world free from terror and hate, saying safety and security of people and societies is essential for realising the benefits of the economic progress.
“The bonds between the two countries are long-standing and rich”, he said.
President Kenyatta expressed the desire for Kenya to have a pharmaceutical drug manufacturing capacity locally, with the support of India.
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On his part, Modi said that it was a matter of “great privilege and honour for all of us that President Kenyatta is also among us to grace the occasion”. In 2013, an attack on the Westgate Mall in Nairobi left at least 67 people dead, including Indians. Kenyatta was the leader of Kenya from independence in 1963 till his death in 1978, serving first as Prime Minister (1963-64) and then as President (1964-78).
