Prime Minister Dr Manmohan Singh, who is on a two day visit to Dar es Salam, Tanzania said that both countries have similar concerns in the area of peace and security.
"Terrorism and piracy are two major problems we both face. We have decided to intensify consultations and coordination to combat such threats. India has contributed to several United Nations peace-keeping missions in Africa.
"We share a common vision of a democratic and equitable world order. We will strengthen our cooperation in the reform of the United Nations system, including of the UN Security Council," he said.
"Sustainable development is a top priority for both of us. Tanzania has given extraordinary political and intellectual support to the South, to the G-77 and to the Nonaligned Movement. In the light of the present global economic and financial uncertainties, we should revitalise this cooperation and make our voice heard in the world affairs," he said.
"I conveyed to President Kikwete that India, on its part, is ready to partner Tanzania in its nation-building efforts. We will focus on areas such as agriculture, small and medium industries, healthcare and human resource development," he said.
"We support the President's national agriculture initiative. We will provide a new line of credit of $180 million for water supply projects in Dar es Salaam," he said.
Tanzania has been an active participant in India's capacity building schemes and policies, particularly the Centre of Excellence in ICT and the tele-education component of the Pan-African E-network project," he added.
"We will provide a fresh grant of $10 million for capacity building projects in the social and educational sectors," he said.
"Tanzania is an important trading partner for India in this region. India is a major buyer of Tanzanian agricultural products. Many Indian companies are operating here and are keen to diversify and increase their investments," he informed.
"President Kikwete and I have agreed to facilitate this process. Indian investment and technology can help Tanzania to become the industrial and technological hub of East Africa and its engine of growth," he added.
The Prime Minister who later inaugurated the India-Tanzania Centre of Excellence in Information and Communication Technology said, "I would specially like to announce our readiness to cooperate with Tanzania in the area of space technology and applications.
"I have been a teacher myself and I have never lost an opportunity to be in the company of students. I am very pleased to see so many young Tanzanian students around me. I can sense their sense of excitement and hope about the future," he beamed.
"We have completed the setting up of three components of the Pan African e-Network Project: the tele-conference facility at the State House, the tele-medicine facility at the Dar es Salaam Cancer Institute, and the tele-education facility in the University of Dar-es-Salaam. These Centres are operational and courses are underway in the University of Dar-es-Salaam since 2009," he informed.
"India is ready to provide all the help we can within our resources to enable Tanzania to create a pool of world-class IT professionals. If we can produce a steady stream of highly-trained scientists, technologists and engineers, our cooperation would be worthwhile and we would be putting our money to good use," he affirmed.
"I would like to announce our readiness to cooperate with Tanzania in the area of space technology and applications. As a developing economy ourselves, we have benefited immensely from the applications of space technology, and our expertise is available for Tanzania, he said.