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News18 » India
1-min read

India offers $ 190 mn credit line to Tanzania

Prime Minister Manmohan Singh said the new line of credit will be for water supply projects in Dar es Salaam.

News18test sharma |

Updated:May 27, 2011, 9:33 PM IST
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India offers $ 190 mn credit line to Tanzania
Prime Minister Manmohan Singh said the new line of credit will be for water supply projects in Dar es Salaam.

Dar es Salaam: India on Friday announced a new line of credit and assistance of $190 million for Tanzania and signed an agreement on avoidance of double taxation as the two nations vowed to intensify cooperation to combat terrorism and piracy and work closely for comprehensive UN reforms.

On a three-day visit, Prime Minister Manmohan Singh said after wide-ranging discussions with Tanzanian President Jakaya Kikwete that the new line of credit of $180 million will be for water supply projects in Dar es Salaam.

He also announced a fresh grant of $10 million for capacity building projects in the social and educational sectors.

Addressing a joint press conference with Kikwete, Singh voiced concerns over the two major problems of terrorism and piracy both countries faced and said they have decided to intensify consultations and coordination to combat such threats.

Kikwete said threats from piracy had never abated in the region and it was agreed that there should be stronger collaboration through intelligence-sharing and other mechanisms. Kikwete noted that had been 27 attacks on ships in the territorial waters of Tanzania.

On the issue of UN reforms, Kikwete reaffirmed Tanzania's support for India's candidature for permanent membership. "We support India's bid for a permanent seat in the Security Council".

"India deserves it," he said going on to add that "whenever the Security Council is expanded, you cannot leave out India".

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