Key Points
New Delhi:India has so far offered 308 lines of credit (LOC), worth about $32.02 billion, to various partners, including Sudan, Fiji, Bangladesh, Myanmar and Nepal, the Ministry of External Affairs informed Parliament Thursday...
The Minister of State (MoS) for External Affairs, V. Muraleedharan, said that these funds have supported more than 600 projects in sectors such as infrastructure, power, connectivity and health..
Moreover, as part of its Neighbourhood First policy, India has also set up grant assistance projects with countries such as Afghanistan, Bangladesh, Maldives, Myanmar, Nepal, Sri Lanka and Bhutan, he said...
The minister also highlighted Indias capacity-building efforts worldwide, saying, India offers capacity-building assistance under the Indian Technical and Economic Cooperation Programme (ITEC) to partners in the Global South..
Some of Indias grant assistance projects include the India-Nepal cross-border Jaynagar-Bardibas rail link, restoration of the Thiruketheeswaram temple in Sri Lankas Mannar, construction of the India-Bangladesh Friendship Pipeline (IBFPL) between Siliguri and Parbatipur, construction of the Afghan-India Friendship Dam (Salma Dam), power substations at Doshi and Charikar in Afghanistan, among others...
