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India, Tanzania ties growing in terms of trade, investment ': Tanzanian President .
Oct 10, 2023

Tanzanian President Samia Suluhu Hassan on Monday said that India and Tanzania are growing in terms of trade and investment 'The numbers are satisfying,' further noting that India is the third largest trading partner in Tanzania.
While addressing the media after the exchange of Memorandum of Understanding (MoU) between India and Tanzania, she said, 'On trade and investment, the numbers are satisfying. We are growing. In investment Indian investors in Tanzania, the number is growing. The value of the projects is growing as well. On trade volumes, the numbers are growing. As we're speaking up to 2022, our figures were USD 3.1 billion. So this makes India the third largest trading partner in Tanzania and the fifth largest investor in our country.'
She further added that through this visit, both countries have managed to open more avenues of cooperation for economic development as well as political development.
'To us, Tanzania India is like an extended family member which is just a cost away. There's a story that before Gandhi's return to India he made a stop to Zanzibar on his way to South Africa. This and many more other tells signifies the historical brotherly ties and brotherly ties and friendship that span a century,' she said.
Tanzanian President further lauded PM Modi for successfully hosting the G20 Summit.
 
'My visit is occurring just a few weeks after the G 20 summit...I wish to commend honourable Modi and the government of the Republic of India for the successful hosting of the G 20 summit,' she said.
This visit is to reaffirm the commitment by Tanzania to enhance and deepen the historic friendship and bilateral cooperation that has existed over decades.
'It is also an opportunity for us to express our sense of gratitude for the invaluable support rendered by the government and the people of India to our socio-economic endeavours. Over decades we have been working together in the development of various sectors, as they have been mentioned by His Excellency,' Hassan said.
    
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