India and Tanzania on Friday signed three agreements to enhance co-operation in the field of health, small industries and avoidance of double taxation. The agreements were signed after bilateral talks between Prime Minister Dr. Manmohan Singh and the Tanzanian President Jakaya Kikwete in Dar-es-Salam. Addressing a Joint Press Conference, Dr Singh announced 180 million dollars a new line of credit for water supply projects in Tanzanian Capital. He also said a grant of 10 million dollars will be provided for capacity building projects in social and educational sectors. Stating that Tanzania is important trading partner for India in the region, the Prime Minister said that Indian companies are keen to diversify and increase investments their investments. He said during the talks it was agreed it facilitate this process.Pointing out that the two countries share similar concerns on terrorism and piracy, Dr Singh said India and Tanzania have decided to intensify consultations and co-ordination to combat such threats.The Tanzanian President Jakaya Kikwete strongly pitched for reforms of UN systems and backed India’s claim for a permanent seat in the securitycouncil.Replying to a question on terrorism and piracy , Mr. Kikwete said the two countries need to develop a stronger collaboration to deal with the menace as they affect both countries. He said sharing of intelligence on possible threats was also discussed during his talks.The Tanzanian President accepted Prime Minister’s invitation to visit India.With innumerable opportunities to expand trade ties and a conducive atmosphere for investments, India looks to substantially increase its stakes in the East African Nation. To provide incentives to businessmen, an agreement to avoid double taxation was signed. An MOU on health would pay the way for building a specialty hospital in Dar-es-salam, The proposed state of art medical facility would help locals to get treatment locally rather go to India, reducing costs. With the economy booming, an agreement to help small and medium industries was also inked. Tanzanian President supported India's bid for a permanent seat in UN Security Council. He also lauded India for backing Africa's claim for membership of the Council.