India, Kenya signs two agreements; aims to boost the agricultural activity
 Source : News Bharati English  Date : 11-Jan-2017

New Delhi, January 11: India and Kenya in order to boost the agricultural activity in both the countries signed two important agreements which also signify the strength of both the nations. The agreements are MoU for bilateral cooperation in Agriculture and agreement for extending an LOC of US $100million for mechanization of agriculture.
While addressing a media gathering on Wednesday PM Modi firstly welcomed Kenyan President Uhuru Kenyatta and said the expansion of bilateral trade, greater flow of capital between two economies and stronger developmental partnership is a priority. “I have discussed with President Kenyatta ways to engage large Indian origin community in trade, investments, and cultural exchanges etc,” PM Modi added.

Embeded ObjectPM Modi further said that India is collaborating with Kenya to raise agricultural productivity there. He said the Loan of Credit Agreement of 100 million dollars signed today for farm mechanisation will open a new dimension of engagement between the two countries.

Embeded ObjectPM Modi also informed that both the countries are already working together on cyber security, counter-terrorism, combating narcotics, human trafficking, and money laundering. PM Modi also informed that India and Kenya are together working on a large scale in the education and health sector.

Embeded ObjectPM Modi thanked Kenyan President Uhuru Kenyatta for accepting his invitation and also participating in Vibrant 2016. PM Modi also said that Kenya in future is going to invest in India which will create more opportunities for the growth of the economy. PM Modi also informed that India and Kenya are also working together in the field of Maritime and defence sector.

Embeded ObjectPM Modi during the start of his speech said India and Kenya have fought together against colonialism and since then both countries are having friendly relations and working together in several sectors.

Meanwhile, Kenyan President Uhuru Kenyatta also thanked PM Modi and India for providing assistance to Kenya and supporting it on the international level.

Embeded ObjectEarlier, Kenyatta was accorded a ceremonial welcome at the forecourt of Rashtrapati Bhawan Kenyatta was accorded a ceremonial welcome at the forecourt of Rashtrapati Bhawan.  President Pranab Mukherjee and Prime Minister Narendra Modi welcomed Mr. Kenyatta. He also laid a wreath at Rajghat.

Embeded ObjectNotably, this is the third meeting of PM Modi and Kenyan President in as many years. Both first met at the third India-Africa Forum Summit in October 2015, followed by a meeting during Modi’s four-nation African safari in July 2016. Kenyatta visited Ahmedabad on Tuesday and attended Vibrant Gujarat summit which is not surprising for anyone.

Interestingly, the Kenyan President’s top priority is likely to be to seek more access to the Indian market for Kenyan goods, while India is likely to be interested in exploring ways to become its top foreign trading partner, again.