PM asks Tanzania to open up for more investment from India

Source: PIB, Government of India.

The Prime Minister, Narendra Modi (right) giving his statement to the media with the President of the United Republic of Tanzania, Mr. Jakaya Kikwete, at the Joint Press Briefing, in New Delhi on June 19, 2015. Source: PIB, Government of India.

  With trade over $4 billion heavily in India's favour, Prime Minister Narendra Modi urged Tanzania President Kikwete to open up more sectors in his country for investments and exports from India. "Indian investments in Tanzania exceed $3 billion and cover many areas. Indian investors are ready to invest more in Tanzania that would support Tanzania's development and trade," said the PM, adding "I offered our cooperation in the development of the potentially rich natural gas sector in Tanzania." Both the PM and President, discussed cooperation in the maritime sector and ocean economy and felt that the agreement on hydrography is an important step forward.  "We are pleased to be a partner in the development of human resources, healthcare, agriculture, institutions and infrastructure in Tanzania, and I assured President Kikwete that our development partnership will continue, as our agreements today indicate," the PM said and added, "Tanzanian nationals in growing numbers travel to India. We have nearly 2000 Tanzanian students in India. I have informed President Kikwete that we will soon extend our e-tourist visa scheme to Tanzania." Both the leaders discussed regional and global issues of mutual interest and have agreed to expand cooperation in counter-terrorism and maritime security.    

June 19, 2015 | 5:25 pm IST.