PM Narendra Modi alleged on Monday that ‘Make in India’ and ‘Make it Kenya’ can complement each other as both the nation promise to make the future of its people.
Seven agreements have been signed between both the nations to build up the ties between the two nations.
“We launched ‘Make In India’ to make India global manufacturing hub. Similarly, you’ve launched ‘Make It Kenya’. The two can be complementary since our commitment is to make the future of the people, and since the people are largely the same,” Modi said.
During India- Kenya summit, PM Modi said, “India is the fastest growing economy and is improving its ranking in various global indicators.” Moreover, he said that India will help Kenya to strengthen and enrich your resources.
“India is fastest growing, large economy, globally and is improving its rank in various global indicators,” he said.
Modi further added, “India is becoming one of the favoured destinations for African students to live and work.”
“Kenya’s economy & infrastructure make it an influential player in region. You are only developing country which host Headquarters of UN agencies,” he said.
“Your scholars and students consider India as a very comfortable place to live, learn and work,” he said.
MoUs signed between the two nations: MoU on Defence Cooperation, MoU on Cooperation in the field of National Housing Policy Development and Management and MoU between Bureau of Indian Standards and Kenya Bureau of Standards, Agreement on Exemption of Visa for holders of Diplomatic Passports.
The other agreements include an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, Line of Credit Agreement for $15 million (nearly Rs 99.79 crore) to IDB Capital Limited, for development of small and medium enterprises (SMEs) and Line of Credit Agreement for $29.95 million (nearly Rs 199.25 crore) to the Government of Kenya for upgrade of Rift Valley Textiles Factory (RIVATEX).