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
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