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Wednesday, July 13, 2016

Nairobi: India and Kenya on Monday bolstered their cooperation in the field of defence and health with India handing over 30 field ambulances to Kenya, as Prime Minister Narendra Modi announced the gift of a telecobalt cancer therapy machine and the setting up of a 100-bed cancer hospital in Kenya.

According to a joint statement, the two nations signed agreements in the field of defence cooperation, cooperation in the field of National Housing Policy Development and Management, agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income, agreement between Bureau of Indian Standards and Kenya Bureau of Standards, agreement on Exemption of Visa for holders of Diplomatic Passports.

Both the countries also signed agreements – on Line of Credit (LoC) Agreement for $15 million to Industrial Development Bank (IDB) Capital Limited, for development of small and medium enterprises and Line of Credit Agreement for $29.95 million to the Government of Kenya for upgrade of Rift Valley Textiles Factory (RIVATEX).