India, Rwanda ink three pacts to strengthen business, investment ties

NEW DELHI: Two emerging economies India and Rwanda, have inked three pacts, including a agreement on renewable energy, to fortify trade and investment ties.

The pacts were inked after Minister of State for External Affairs Ms Preneet Kaur held talks with Rwandan Foreign Minister Louis Mushikiwabo in Rwanda's capital Kigali.

The agreements comprise an expanded renewable energy cooperation between the two nations and also seek India's support in developing solar electrification of 35 schools in rural Rwanda. Both sides also signed an agreement for the constitution of a joint commission that includes consultations at the level of foreign ministers and senior diplomats.

During her Rwanda visit, Ms Kaur expressed India's commitment in setting up a Vocational Training Centre in Rwanda and other projects on human resource development and capacity building.

The Indian government will support the Rwanda government in the establishment of an Entrepreneur Development Institute. India has offered the fund of $80 million for a hydroelectric project on the Nyabarongo River in Rwanda.