India on Tuesday extended a $250 million Line of Credit for modernisation of agriculture in Kenya. Announcing the initiative PM Modi said both sides will carry out joint military exercises and will collaborate on counter-terror projects. Welcoming the Indian initiatives, President William Samoei Ruto, described the Indian community of Kenya as a “bridge” between the two countries and said Indians residing in Kenya regard his country as their “first country”.
“As two agricultural economies, we have agreed to share experiences in this field. We have decided to extend a Line of Credit of $250 million for modernisation of the agricultural sector in Kenya. According to the needs of our times, we will increase partnership in innovation and technology,” said Prime Minister Narendra Modi. PM Modi also said that India is willing to share its experience in developing Digital Public Infrastructure with Kenya. Mr Modi also announced that Kenya has expressed interest in joining the International Solar Alliance and Global Biofuels Alliance.
The agriculture Line of Credit, officials said will be used to advance projects that will be taken up subsequently. According to a joint statement issued after the visit, Kenya has “offered, in line with Kenyan laws, to provide land to Indian companies and institutions for cultivation of crops, including millets, in Kenya.” The document mentioned that the Government of India has undertaken to encourage Indian companies to invest in the Kenyan agri sector inclusive of “equipment and technology”. “Both sides noted that enhancing bilateral agricultural cooperation would increase bilateral trade and contribute to food security in Kenya,” the Joint Statement declared. The two sides agreed to cooperate in cyber security, anti-money laundering, small arms and light weapons, drugs and human trafficking. PM Modi and President Ruto directed the bilateral Joint Defence Coordination Committee to convene at an early date.
