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India, Uganda agree to boost Economic and Defence Cooperation


Kampala, July 24: India and Uganda on Tuesday agreed to boost bilateral cooperation in the areas of economy and defence following delegation-level talks co-chaired by Indian Prime Minister Narendra Modi and Ugandan President Yoweri Museveni here. “India will always support Uganda’s economic development and nation-building efforts,” Modi said in a joint address to the media with Museveni following the talks. Stating that bilateral trade and investment is growing stronger, he said that both he and Museveni will meet CEOs of both countries here on Wednesday.

The Prime Minister also announced two lines of credit worth nearly $200 million for energy infrastructure, agriculture and dairy sectors. Modi said that it is a matter of great satisfaction that defence cooperation between the two countries is progressing well. “We are ready to further strengthen our defence ties,” he said. On his part, Museveni said that the two sides emphasised on trade, investment and tourism during Tuesday’s talks. Inviting Indians to visit Uganda, he said that promoting tourism would go a long way in boosting bilateral trade. According to Museveni, one of Modi’s suggestions during the talks was for Indian companies to invest in Uganda’s healthcare sector. (IANS)