India pledges 250 million Line of Credit to support modernisation of Kenya’s agriculture sector

New Delhi, Dec 5: India has pledged a substantial Line of Credit amounting to $250 million to support the modernization of Kenya’s agricultural sector. This commitment underscores India’s dedication to fostering economic collaboration and sustainable development with its African counterpart.

Prime Minister Narendra Modi extended a warm welcome to President William Samoei Ruto and his high-level delegation, expressing profound pleasure in the deepening of bilateral relations between India and Kenya.

   

The visit, strategically timed after the African Union’s inclusion in the G20, signifies India’s heightened focus on strengthening ties with African nations.

Acknowledging the rich historical ties shared by India and Kenya, Prime Minister Modi emphasized the ancient connections witnessed along the vast Indian Ocean, linking the cities of Mumbai and Mombasa.

The talks between Prime Minister Modi and President Ruto centred on the growing collaboration in defence, with an emphasis on military exercises and collaboration between defence industries. India also offered to share its successful experiences in space technology for public welfare with Kenya.

The leaders commemorated the sixtieth anniversary of diplomatic relations, laying the groundwork for a progressive future built on this strong foundation.

During their meeting, both leaders affirmed their commitment to enhancing cooperation across various sectors. Discussions spanned mutual trade, investment, skill development, and capacity building, reflecting a comprehensive approach to bilateral partnership.

The commitment to addressing global and regional challenges was evident, with a shared dedication to maritime security, counter-terrorism, and common concerns in the Indo-Pacific.

The leaders issued a Joint Vision Statement on Maritime Cooperation, underscoring their commitment to strengthening collaboration in this crucial area.

Prime Minister Modi expressed gratitude to the approximately eighty thousand people of Indian origin in Kenya, recognizing their pivotal role as a significant strength in bilateral relations.

The leaders signed a cultural exchange agreement to further deepen mutual closeness, along with agreements in the fields of sports and people-to-people ties.

President Ruto’s visit, the first in his present capacity, is expected to further strengthen bilateral relations between India and Kenya.

The three-day official visit included a ceremonial welcome at the President’s House, bilateral meetings and discussions with the President of India. President Ruto also participated in a business and investment event in New Delhi and attended a State Banquet hosted in honour of President Ruto by the President of India.

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