Key Points
India has extended a new line of credit amounting to Rs 487.60 crore to the government of Mauritius for financing of a water pipeline replacement project, the Ministry of External Affairs said on Thursday..
"This is the first-ever rupee-denominated Line of Credit to have been extended by India for project financing to any country under the Indian Development and Economic Assistance Scheme (IDEAS)," the ministry said in a statement...
The project envisages replacement of nearly 100 km of obsolete water pipeline in Mauritius...
