March 25, 2019 | 7:31 AM IST

India extends $200 million credit lines to Rwanda

The Prime Minister Narendra Modi headed to Rwanda on Monday night for a five-day visit to East African Countries. PM Modi landed at the Kigali International Airport where Rwanda President Paul Kagame gave a warm welcome at the airport by laying a red carpet for him. Prime Minister’s Office tweeted, "A historic visit starts with a special gesture President@PaulKagame personally welcomed PM @narendramodi to Rwanda.”
Modi will be in Rwanda, Africa’s fastest growing economies, for two days and will have one-on-one interaction with President Paul Kagame. India has extended $200 million Lines of Credit to Rwanda for the industrial parks and Kigali special economic zone (SEZ) development. PM Modi also held discussion with President Kagame over boosting the bilateral strategic ties to strengthen corporation in trade ad agriculture sectors too. PM Modi also announced that India will soon open its mission in Rwanda.
A defence cooperation agreement is also expected to be signed between India and Rwanda during the visit, TS Tirumurti, secretary (Economic Relations) in the Ministry of External Affairs, said in New Delhi last week. On Tuesday, Prime Minster will also visit the Genocide Memorial and took part in an even on Girinka, a national social protection scheme of Rwanda initiated by President Kagame. As a part of India’s contribution to the scheme, Modi will also gift 200 cows to poorest families. PM Modi would proceed to Uganda today for a two-day visit, the first bilateral visit by an Indian prime minister since 1997. Later, Modi will attend the 10th edition of the BRICS Summit in Johannesburg, South Africa during which the grouping's leaders are expected to deliberate on global hot-spot issues, international peace and security, global governance and trade issues among others.

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