Rwanda, India sign bilateral agreements
Written by: Our Reporter
Monday, February 20th, 2017, 20:40
Kigali: During a 3-day official visit by the Indian Vice President Hamid Ansari in Rwanda, the two countries this Monday signed three Memorandums of Understanding in innovation, aviation and visa requirements.
The Rwandan Prime Minister, Anastase Murekezi said the agreements signed will boost economic and business ties between Rwanda and India.
The two countries plan to set up an entrepreneurship development centre in Kigali to boost innovation, while in aviation RwandAir will start flights to India scheduled in April this year and both countries will mutually exempt visa requirements.
Vice President Ansari who arrived in the country on Sunday said Rwanda and India are great friends over years. He announced that India is set to open a resident mission in the country to boost bilateral ties.
According to Rwanda Development Board (RDB), the bilateral trade between the two countries grew to $526 million between 2011 and 2015. The period between 2011 and 2016, investments from India to Rwanda saw an increase to 66 projects valued at $317.5 million, which created over 3,800 jobs in telecommunication, hospitality and education areas.
The Indian Vice President led a delegation of about 30 high-level business and ICT community.
The official visit by India’s VP follows one made by President Paul President to India last month where he attended the economic summit “the Vibrant Gujarat Global Summit” and had various talks with Indian officials.