Prime Minister Narendra Modi shakes hands with President of the Republic of Kenya Uhuru Kenyatta before a meeting at the Hyderabad House in New Delhi on January 11, 2017.   | Photo Credit: V. Sudershan

India announces $100 million Line of Credit to Kenya

India on Wednesday announced a $100 million Line of Credit to Kenya for agricultural mechanisation after talks between Prime Minister Narendra Modi and Kenyan President Uhuru Kenyatta during which they also decided to deepen economic cooperation, identifying expansion of bilateral trade as a “priority.”

Asserting that challenges in the maritime domain are a shared concern, Mr. Modi said the two sides will also explore opportunities in blue economy.

“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,” the Prime Minister said at a joint press event with Mr. Kenyatta.

Noting that they reviewed the full range of bilateral relationship, Mr. 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.READ MORE

Source:http://www.thehindu.com/