India welcomed the President of Tanzania at the India Tanzania Investment Forum in New Delhi.
India and Tanzania have upgraded their bilateral relations to the level of a strategic partnership.
Both nations inked six agreements to strengthen cooperation across various vital domains.
It encompasses cooperation in the digital domain, culture, sports, maritime industries, and white shipping information sharing.
These agreements lay the foundation for fostering technological and cultural exchange between the two nations.
Both nations are promoting trade between the Indian Rupee and Tanzanian Shilling by enabling authorized banks in India to open Special Rupee Vostro Accounts of correspondent banks in Tanzania.
Efforts to address concerns and ensure the sustainability of this currency trade mechanism are underway.
The newly established five-year defense roadmap sets the stage for expanded cooperation in military training, maritime collaboration, capacity building, and the defense industry.
Both nations expressed their intent to enhance cooperation in maritime security in the Indian Ocean region.
The success of the first-ever India-Tanzania joint Exclusive Economic Zone (EEZ) surveillance exercise in July, 2023 was a positive step in this direction.
Tanzanian President Samia Suluhu Hassan received an honorary doctorate from Jawaharlal Nehru University in Delhi.
The Government of Tanzania also announced that they would be joining the International Big Cat Alliance and the Global Biofuel Alliance.
