Modi calls for boosting India-Rwanda economic ties

Image
IANS New Delhi
Last Updated : Jul 24 2018 | 3:45 PM IST

Prime Minister Narendra Modi on Tuesday called for boosting economic ties between India and Rwanda while describing the East African country as the gateway to the whole of Africa.

"We want to boost economic ties between India and Rwanda," Modi said while addressing the India-Rwanda Business Forum in Kigali.

"Our nations can do a lot together," he said. "There are several opportunities in rural development and small scale industries."

He said that though India is growing exponentially, "our mantra is 'sabka saath sabka vikas'".

"We will grow but we will also help those grow, who are with us," the Prime Minister said. "We will walk together."

He said that at a time when the world was not even looking at Africa, Indians went to the continent and became a part of its development.

"When you have come to Rwanda, don't think that you are confined within its boundaries," Modi said.

"You will find the gateway to the whole of Africa here."

Modi reached Rwanda on Monday on the first leg of his five-day, three-nation tour of Africa that will also take him to Uganda and South Africa.

Following delegation-level talks with Rwandan President Paul Kagame, India and Rwanda signed eight agreements, including in the areas of defence, agriculture and dairy production, trade and leather and allied sectors.

India extended two lines of credit (LoCs) worth $200 million to Rwanda.

Modi also announced that India will open a new High Commission in Rwanda in what can be seen as yet another manifestation of India's increasing engagements with Africa.

India's current High Commissioner to Rwanda has residence in Uganda.

Earlier on Tuesday, Modi visited a village in Rwanda and donated 200 cows for an economic development project of the East African nation.

He also visited the Kigali Genocide Memorial that honours the memory of over one million Tutsis killed by the then Hutu majority government in 1994.

Modi's visit is the first ever Prime Ministerial visit from India to Rwanda.

This is also his second visit to mainland Africa after he visited Mozambique, South Africa, Tanzania and Kenya in 2016.

--IANS

ab/sed

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 24 2018 | 3:36 PM IST

Next Story