India's exports account for a large portion of the $3.3 billion in bilateral commerce, while its investments in Kenya totalled $3.2 billion. India and Kenya committed on Tuesday to strengthen cooperation in health and agriculture, construction, mining, and infrastructure, including an Indian line of credit worth $250 million in the African country. despite the fact that the two parties inked five agreements covering everything from digital transformation to education. Africa has always been a top priority in India's foreign policy, Modi said in a joint media interview with Ruto, adding that the Kenyan leader's visit will provide fresh momentum to bilateral relations and engagement with the African continent. We observed numerous new initiatives today and made the decision to fortify our collaboration across all domains, establishing the groundwork for a forward-thinking future. Speaking in Hindi, Modi stated, "India and Kenya are making steady development in their mutual trade and investment. We decided to exchange experiences as two agrarian economies.
India Extends $250 Million in Aid to Kenya, Signs 5 Bilateral Agreements to Bolster Ties
According to Dammu Ravi, the external affairs ministry's secretary of economic relations, India has already given Kenya over $100 million in credit lines for three projects. Indian exports account up a large portion of the $3.3 billion in bilateral commerce, while Indian investments in Kenya totalled $3.2 billion. Kenya is eager to learn from India's experience with digital public infrastructure, particularly with regard to health solutions, the unified payment interface (UPI), and the Aadhar card. According to Ravi, the Kenyan side also offered sizable farmland parcels to entice Indian businesses to establish crops that African nations require. The two parties decided to examine trade facilitation strategies, improve logistics connections, and encourage sustainable fishing and management of marine life resources as part of their shared vision statement for maritime security. A memorandum of understanding (MoU) on exchanging successful digital transformation solutions, an agreement between Indira Gandhi National Open University and the Open University of Kenya, a cultural exchange agreement for 2023–2027, a memorandum of understanding (MoU) between the Bureau of Indian Standards and the Kenyan Bureau of Standards, and an agreement on sports cooperation were among the five agreements that the two parties signed.
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