Continue on TOI App
Open App
OPEN APP

Prez Kovind embarks on first overseas visit

New Delhi, Oct 3 () President Ram Nath Kovind today embarked on a... Read More
New Delhi, Oct 3 () President Ram Nath Kovind today embarked on a four-day visit to

Djibouti

and

Ethiopia

, his first trip abroad since taking office.
During his visit to the two African nations, the president is expected to sign agreements on institutionalisation of foreign office consultation and greater economic cooperation with Ethiopia, Neena

Malhotra

, Joint Secretary (East and

Southern Africa

) in the

Ministry of External Affairs

had said earlier.
Press Secretary to the President Ashok Malik has said that Djibouti is an important Indian Ocean partner country with whom India's bilateral trade stands at USD 284 million in 2016-17.
"The president is looking forward to the visit. He recognises that the Africa and Indian ocean region are central to Indian foreign policy. That is why this region was chosen as his first foreign visit,"

Malik

said.
India has extended a line of credit of USD 49 million to Djibouti, mainly for constructing a cement plant. It is a strategically located country just off the Gulf of Aden.
Kovind's visit will be the first by an Indian president to Ethiopia after 45 years. The last visit was by President

V V Giri

in 1972.
India's bilateral trade with Ethiopia in 2016 was nearly USD 1 billion. The country is among the top three foreign investors in Ethiopia with an approved investment of 4 billion dollars. In both the countries the president will also interact with the members of the Indian community. PMS AKJ PMS
Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning.

Start a Conversation

Post comment
Continue Reading
Follow Us On Social Media
end of article
More Trending Stories
Visual Stories
More Visual Stories
Expand
UP NEXT
Do Not Sell Or Share My Personal Information