India, Uganda agree to boost economic, defence cooperation

Views: 38

Kampala, July 24 (IANS) India and Uganda on Tuesday agreed to boost bilateral cooperation in the areas of economy and defence following delegation-level talks co-chaired by Indian Prime Minister Narendra Modi and Ugandan President Yoweri Museveni here.

“India will always support Uganda’s economic development and nation-building efforts,” Modi said in a joint address to the media with Museveni following the talks.

Stating that bilateral trade and investment is growing stronger, he said that both he and Museveni will meet CEOs of both countries here on Wednesday.

The Prime Minister also announced two lines of credit worth nearly $200 million for energy infrastructure, agriculture and dairy sectors.

Modi said that it is a matter of great satisfaction that defence cooperation between the two countries is progressing well.

ALSO READ:   US dollar ticks down on rising trade deficit

“We are ready to further strengthen our defence ties,” he said.

On his part, Museveni said that the two sides emphasised on trade, investment and tourism during Tuesday’s talks.

Inviting Indians to visit Uganda, he said that promoting tourism would go a long way in boosting bilateral trade.

In this connection, he sought permission for Ugandan Airlines to fly to Mumbai.

According to Museveni, one of Modi’s suggestions during the talks was for Indian companies to invest in Uganda’s healthcare sector.

Modi arrived here earlier on Tuesday from Rwanda on the second leg of his five-day, three-nation tour of Africa that will also take him to South Africa.

This is the first Prime Ministerial visit from India to Uganda in over 20 years.

ALSO READ:   India wins Investment Promotion Award

For Modi, this is his second visit to this East African nation after his visit in 2007 as Gujarat Chief Minister.

–IANS

ab/bg

Comments: 0

Your email address will not be published. Required fields are marked with *