India, Kenya Ink Seven Agreements [ Current Affairs ]
India and Kenya have signed seven agreements to develop and expand cooperation in a wide range of areas. In the presence of Indian Prime Minister Narendra Modi and Kenyan President Uhuru Kenyatta these agreements were signed in Nairobi.
Narendra Modi visited Kenya on the last leg of his four-nation tour of Africa.
- South Africa
- MoU on Defence Cooperation.
- MoU in the field of space Technology partnership.
- Revised Double Taxation Avoidance Agreement (DTAA).
- Bilateral agreement on exemption of Visa for holders of Diplomatic passports.
- MoU on Cooperation in the field of National Housing Policy Development and Management.
- MoU on Cooperation in the field of expertise sharing, standardization and mutual trade between Bureau of Indian Standards (BIS) and Bureau of Kenya Standards (BKS).
- Line of Credit (LoC) Agreement for US $29.95 million to Kenyan Government for upgradation of Rift Valley Textiles Factory (RIVATEX East Africa Limited) in Kenya.
- LoC Agreement for USD15 million (first tranche of $30 million) to Kenya’s IDB Capital Limited for development of small and medium enterprises (SMEs) in Kenya.
PM Narendra Modi also announced that
- For power transmission project india would provide concessional credit of 60 million dollars to Kenya.
- India will totally finance a cancer hospital in Kenya.
- In Kenya India will also donate medicines for AIDS patient.
- For developing efficient and affordable health care system to make it an important regional hub for health services in East African region India is ready to join hands with Kenya.
- Published on: July 12, 2016