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    Home > Chemicals Industry > International Chemical > India provided $205 million in credit to Uganda for infrastructure and agricultural development

    India provided $205 million in credit to Uganda for infrastructure and agricultural development

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    Recently, India provided Uganda with a total of $205 million in credit to help Uganda expand its electricity distribution infrastructure and invest in its agricultural sector
    .

    India provided $205 million in credit to Uganda for infrastructure and agricultural development

    On July 24, Indian Prime Minister Narendra Modi began a two-day visit
    to Uganda.
    Modi and Ugandan President Museveni also discussed reform of the UN Security Council
    .

    A $141 million loan will be extended to Kampala to build transmission lines and substations, and another $64 million will be spent to boost agricultural production
    , a statement issued in Kampala.

    Uganda's relationship with India dates back to the 19th century, when the British transported large numbers of Indians to East Africa, building a railway
    from the coast of the Indian Ocean into the hinterland and to western Uganda.

    After the construction of the railroad, Indian laborers remained, growing into a large economically thriving group
    during these decades of colonialism.

    In addition, Museveni and Modi reiterated the need for a comprehensive reform of the UN Security Council, including expanding its scope to make it more representative in response to the geopolitical realities
    of the 21st century.


    Recently, India provided Uganda with a total of $205 million in credit to help Uganda expand its electricity distribution infrastructure and invest in its agricultural sector
    .

    power distribution

    India provided $205 million in credit to Uganda for infrastructure and agricultural development

    India provided $205 million in credit to Uganda for infrastructure and agricultural development

    On July 24, Indian Prime Minister Narendra Modi began a two-day visit
    to Uganda.
    Modi and Ugandan President Museveni also discussed reform of the UN Security Council
    .

    A $141 million loan will be extended to Kampala to build transmission lines and substations, and another $64 million will be spent to boost agricultural production
    , a statement issued in Kampala.

    Uganda's relationship with India dates back to the 19th century, when the British transported large numbers of Indians to East Africa, building a railway
    from the coast of the Indian Ocean into the hinterland and to western Uganda.

    After the construction of the railroad, Indian laborers remained, growing into a large economically thriving group
    during these decades of colonialism.

    In addition, Museveni and Modi reiterated the need for a comprehensive reform of the UN Security Council, including expanding its scope to make it more representative in response to the geopolitical realities
    of the 21st century.

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