India extends USD 200 million credit lines to Rwanda; Modi holds talks with Kagame
India extends USD 200 million credit lines to Rwanda; Modi holds talks with Kagame
India today extended USD 200 million lines of credit to Rwanda as Prime Minister Narendra Modi held wide-ranging talks with President Paul Kagame and discussed measures to strengthen cooperation in trade and agriculture sector.
After the one-on-one talks with president Kagame, Modi announced that India will soon open its mission in Rwanda.
The two countries signed agreements on leather and allied areas and agricultural research.
India also extended two lines of credit -- one of USD 100 million for development of industrial parks and Kigali special economic zone (SEZ) in Rwanda and another one for USD 100 million for agriculture.
Modi, arrived in Rwanda tonight on the first leg of his three-nation Africa tour as part of India's outreach to the resource-rich continent, becoming the first Indian premier to visit the East African country.
The Prime Minister's aircraft landed at the Kigali International Airport where he was received by President of Rwanda Paul Kagame. He was accorded a red carpet welcome at the airport.
"A historic visit starts with a special gesture. President @PaulKagame personally welcomed PM @narendramodi to Rwanda," the Prime Minister's Office tweeted.
His two-day state visit to Rwanda -- one of Africa's fastest growing economies -- assumes significance as this is the first by an Indian premier.
"A special gesture by a close friend and a strategic partner! Prime Minister @narenderamodi personally received by Rwandan President @PaulKagame at #Kigali International Airport on the first leg of his three-nation tour. First-ever visit by an Indian PM to Rwanda," Ministry of External Affairs Spokesperson Raveesh Kumar had tweeted. Modi will also meet the business leaders and the Indian communities here.
He will visit the Genocide Memorial and participate in an event on "Girinka" (one cow per family), a national social protection scheme of Rwanda initiated by Kagame.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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