Saturday, 17 November, 2018


India Willing To Address Trade Deficit With Uganda: PM Modi

India Willing To Address Trade Deficit With Uganda PM Modi India Willing To Address Trade Deficit With Uganda: PM Modi
Bennie Garza | 25 July, 2018, 14:07

He earlier visited Mozambique, South Africa, Tanzania, Kenya, Mauritius and Seychelles in 2015 and 2016.

Modi will also address the Ugandan Parliament, the first time an Indian prime minister will do so, and also announce lines of credit of Dollars 205 million (759 billion Shillings) for electricity transmission and agriculture projects, according to a statement released by TS Tirumurti, the Indian secretary for Economic Relations.

At the event, Mr Modi and Ugandan President Yoweri Museveni also unveiled a bust of India's first Home Minister Sardar Vallabhbhai Patel.

The announcements came during Prime Minister Narendra Modi's visit to Rwanda, the first by an Indian prime minister to the country.

Rwanda, which is one of Africa's fastest growing economies, had trade with China worth $157 million (134 million euros) in 2017, making Beijing one of Kigali's largest trade partners.

Demonstrating the importance of Africa for emerging powers, Modi's arrival in the Rwandan capital took place a little more than 24 hours after Chinese president Xi Jinping's visit.

He says Rwanda, is now viewed on par with traditional "friends" like Ethiopia, Uganda and Kenya.

The Girinka scheme, which Modi said "is helping transform the lives of people across rural Rwanda", has been celebrated for helping to reduce poverty by nearly a quarter between 2000 and 2010.

"Uganda can go ahead if the youth of Uganda and India work together", he said, adding that the East African country can play an important role in the overall development of Africa.

The two countries signed agreements on leather and allied areas and agricultural research. One which is of $100 million for industrial parks and nearly a similar amount for agriculture and irrigation.

Modi also recalled his trip to Uganda as Gujarat chief minister in 2007 and said the memory of that visit was still afresh.

PM Modi, who is on a two-day state visit, gifted these cows to poor families during a function at Rweru Model Village. Indian Vice President Hamid Ansari had visited Uganda in February past year.

Modi is, however, not the only Asian leader to be touring Africa. While both leaders will attend the 10th BRICS summit hosted by South Africa on 25-27 July, they are using the opportunity to firm up ties with other African nations as well. Prime Minister praised the Indian community for their contribution in development of Rwanda and for their community service.

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