India and Kenya agree to strengthen economic ties

RSTV Bureau
New Delhi:  Prime Minister Narendra Modi and President of the Republic of Kenya Uhuru Kenyatta arrive at Hyderabad house in New Delhi on Wednesday. PTI Photo

New Delhi: Prime Minister Narendra Modi and President of the Republic of Kenya Uhuru Kenyatta arrive at Hyderabad house in New Delhi on Wednesday. PTI Photo

Kenyan President Uhuru Kenyatta met Prime Minister Narendra Modi for talks on Wednesday afternoon. Both leaders reviewed bilateral relationship between the two countries and agreed to strengthen economic ties.

India announced a USD 100 million Line of Credit to Kenya for agricultural mechanisation. Both leaders also decided to identify areas to expand bilateral trade as a “priority”.

PM Modi said the two countries had identified deepening of economic cooperation as one of the key focus areas and in this context, “expansion of bilateral trade, greater flow of capital between two economies and stronger developmental partnership are a priority”.

PM Modi said the two sides will encourage industry and business in both countries to take lead in exploiting opportunities in healthcare, tourism, information technology, agriculture, blue economy and energy.

“The Joint Business Council meeting tomorrow will work to build commercial engagement through specific projects in these areas. To boost trade, we are also cooperating on trade facilitation measures, including standardisation and related areas,” PM Modi said.

“We are focussed on quick operationalisation of our defence cooperation. Some of the specific areas of priority would be hydrography, communication networks, anti-piracy, capacity building, exchanges and defence medical cooperation….We are also partnering to strengthen our security cooperation and capacities. In this context, we have directed the Joint Working Group to meet early. It would focus on cyber security, counter terrorism, combating drugs, narcotics, human trafficking and money laundering,” he added.

Emphasising that broad-based and wide-ranging cooperation in agriculture and food security was a shared priority, Modi said the two sides were collaborating to raise agricultural productivity in Kenya.

“The Line

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