President Ramnath Kovind has said, India is emerging as a key driver in global growth with the GDP of 2.6 trillion US Dollar, which is set to double in 7 years.
KRC TIMES Desk
President Ramnath Kovind while addressing the National Assembly of Benin in Porto Novo on 29th July 2019 said India’s vision of Sabka Saath, Sabka Vikas, Sabka Vishwaas’, is not limited to its domestic agenda, but it purposefully guides the external engagement as well.
The President said that India is committed to supporting Benin’s growth and development. He had expressed his happiness on implementation of the 42.6 million US Dollar’s Line of Credit for up-gradation of water supply schemes in 103 villages in Benin.
The Republic of Benin is a fast-growing economy, a friendly partner and an important gateway to West Africa.
During the occasion he said that as India’s economy grows, so will its external engagement. Within this matrix, countries in Africa will continue to play a prominent role, as India’s trusted partners and stakeholders in prosperity.
He announced fresh Line of Credit worth 100 million US Dollars for developmental projects in Benin. The president has expressed his confidence that this facility will give a major boost to India-Benin business relations. India -Benin two-way trade touched a record 803 million US Dollars in 2018-19. Both countries have recapitulated their commitment to stand together in the global fight against terrorism and piracy.
The President will today meet members of the Indian Community at a reception hosted in his honour in Cotonou. Later he will leave for Banjul, the capital of Gambia for his second leg of the three-nation visit. The President thanked Benin for its support for India’s candidature for permanent membership of the UN Security Council.
