India’s push to boost Africa ties: 222 LoCs worth $14 billion | India News

NEW DELHI: Development assistance continues to play an important role in India’s engagement not only with neighboring regions but also Africa. While a total of 37 lines of credit (LoCs) worth $14.27 billion covering 162 projects have been extended to five countries in the vicinity, another 222 LoCs worth $14.07 billion includes 357 projects that have been extended to 42 countries in Africa.
According to the government, these projects span areas such as roads, railways, electricity, ports and shipping, telecommunications, healthcare, education and aviation. Continents play a particularly important role in India’s foreign policy outlook and this is reflected in India’s expanding diplomatic footprint, which now covers 43 African countries. While India has so far completed 197 projects in Africa, another 65 projects are currently underway and 81 projects are in the pre-implementation stage. In addition, according to the government, India has provided support worth 700 million USD to African countries.
India’s 37 LoCs in the vicinity have been extended to five countries – Bangladesh, MaldivesMyanmar, Nepal and Sri Lanka, according to information shared by the government at Parliament. In the vicinity, under the support of the LoC, India is working on the maximum number of projects in Nepal (27). Followed by 15 in Myanmar, 12 in Bangladesh, 11 in Sri Lanka and three in the Maldives.
In addition to the LoCs, grant projects are also being implemented in partner countries in the vicinity, in areas such as railway links, bridges, waterways, related infrastructure. border, capacity building, health careagriculture and community development in Afghanistan, Bangladesh, Mauritius, Maldives, Myanmar, Nepal and Sri Lanka, according to the MEA.
“Under the policy of ‘Neighborhood First’, development cooperation is an important component of our commitment to our neighbours,” said Deputy Foreign Minister V Muraleedharan.

Source link


News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button