'India, Tanzania to sign 15 agreements with eye on USD 10 billion trade'

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Key Points

The visit aims to elevate bilateral relations to a strategic partnership and enhance trade and investment between the two countries..

Tanzania expects an announcement on the extension of a water project, as India has contributed $1 billion in assistance for water projects in Tanzania..

New Delhi: India and Tanzania will sign 15 agreements covering different areas of cooperation, Tanzanian Foreign Minister January Yusuf Makamba said ahead of the bilateral talks between visiting President Samia Suluhu Hassan and Prime Minister Narendra Modi on Monday..

The Tanzanian foreign minister, who has already taken part in bilateral discussions with his Indian counterpart, S Jaishankar, is optimistic that India, as a significant partner in the Official Development Assistance (ODA), might announce an extension of a water project in the African country...

And we believe that we can get to USD 10 billion bilateral trade in the next three years," Makamba said.. Appreciating India's initiative for trade settlement in national currencies, he noted that it offers several benefits, including advantages related to exchange rates and preservation of foreign exchange reserves...

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