India-Tanzania Trade Reaches $9.02 Billion

India and Tanzania have reaffirmed their commitment to deepen bilateral trade and economic ties, with trade between the two countries reaching USD 9.02 billion in 2025-26, up from USD 8.64 billion in the previous fiscal year. This announcement followed the 5th Session of the India-Tanzania Joint Trade Committee (JTC) held on April 29-30 in Dar es Salaam. The meeting, co-chaired by Commerce Secretary Rajesh Agrawal of India and Permanent Secretary Amb Dr Samwel William Shelukindo of Tanzania, reviewed progress and explored new areas of cooperation. Key discussions included trade settlement in local currencies, long-term business visas for Indian businesspersons, regulatory collaboration in pharmaceuticals, and capacity building in health, AYUSH, education, and shipbuilding. Both nations also focused on mining, gemstone value addition, agriculture, healthcare, and digital cooperation, including the India Stack. India highlighted its development cooperation efforts, noting Lines of Credit exceeding USD 1.1 billion for water infrastructure projects in Tanzania, expected to benefit over 6 million people. The role of IIT Madras Zanzibar as a regional education hub was also emphasized. The meeting concluded with a shared commitment to faster implementation of ongoing initiatives and expanding cooperation across sectors.