List of agreements signed by PM Modi during his visit to Kenya
"India is Kenya's largest trading partner, and the second largest investor here. But, there is potential to achieve much more,” said PM Modi.
Kenya was the last stop in Prime Minister Narendra Modi's tour of Africa. He was welcomed by Kenyan President Uhuru Kenyatta.
The four-day visit to Africa started on Thursday with Mozambique, followed by South Africa, Tanzania.
“India is one of the brightest spot in the world economy. And, Kenya is a land of strong opportunities. India is Kenya's largest trading partner, and the second largest investor here. But, there is potential to achieve much more,” said PM Modi.
There were several agreements signed between the two countries. Here is a list of the agreements or Memorandum of Understanding (MoUs) signed by PM Modi in Kenya:
1.Revised Double Taxation Avoidance Agreement (DTAA)
2. Bilateral agreement on exemption of Visa for holders of Diplomatic passports
3. MoU on Defence Cooperation
4. MoU on Cooperation in the field of standardisation, expertise sharing and mutual trade between Bureau of Indian Standards and Bureau of Kenya Standards
5. MoU on Cooperation in the field of National Housing Policy Development and Management
6. Line of Credit Agreement for US $15 million (first tranche of US $30 million) to IDB Capital Limited, Kenya, for development of various small and medium enterprises [SMEs] in Kenya
7. Line of Credit Agreement for US $29.95 million to the Government of Kenya for upgrade of Rift Valley Textiles Factory [RIVATEX East Africa Limited], Kenya
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:26 PM IST