Dar-es-Salaam: India today offered USD 92 million Line of Credit to Tanzania for a key water supply project and signed five agreements as the two countries decided to cooperate in a number of areas, including food security and natural gas sector to boost bilateral ties.
Prime Minister Narendra Modi, who held wide-ranging talks with President John Pombe Joseph Magufuli, also agreed to work closely, bilaterally, regionally and globally to combat the twin threats of terrorism and climate change.
Describing India as a trusted partner for the east African country in meeting its development priorities, Modi said he along with President John Pombe Joseph Magufuli “agreed to deepen our overall defence and security partnership, especially in the maritime domain”.
“Our in-depth discussions on regional and global issues reflected our considerable convergence on issues of common interest and concern,” he said at a joint press interaction after his bilateral meeting with President Magufuli.
In a joint statement, the two leaders expressed their strong condemnation of terrorism in all its forms and manifestations and stated that there can be no justification for terrorism whatsoever. They expressed satisfaction on the holding of bilateral counter-terrorism consultations in early-2016.
“India’s cooperation with Tanzania will always be as per your needs and priorities,” Modi said.
The two sides signed an agreement under which India will provide a Line of Credit of USD 92 million for rehabilitation and improvement of Zanzibar’s water supply system.
Other agreements signed include an MoU on water resource management and development, MoU for establishment of vocational training centre at Zanzibar, MoU on visa waiver for diplomatic/official passport holders and an agreement between National Small Industries Corporation of India and Small Industries Development Organisation Tanzania.
Prime Minister said the two countries are also working on a number of other water projects for 17 cities in Tanzania.
“For this India is willing to consider an additional USD 500 million line of concessional credit,” he said.
Modi said during his meeting with President Magufuli, they had detailed discussions on the full spectrum of bilateral partnership.
“Our focus was to shape an action oriented agenda of cooperation, so that we talk less of potential and more of achievements on the ground. We agreed that our common desire of economic prosperity for our societies is creating new opportunities for expanding our cooperation,” he said.
To achieve this, the two nations agreed to deepen partnership in agriculture and food security, including through enhanced export of pulses from Tanzania to India, which is experiencing a shortfall leading to price rise.
They also decided to work together in development and use of natural gas. India agreed to partner Tanzania in building of industrial economy, capacities and institutions.
The two leaders also decided to deepen bilateral trade and investment partnership by encouraging greater industry to industry ties.