India extends $75 million credit line to Fiji2 min read . Updated: 19 Nov 2014, 08:56 AM IST
The funds will be used for building a co-generation power plant and upgrading the sugar industry
Suva: Seeking stronger engagement with the Pacific Islands, India on Wednesday announced a $75 million line of credit for Fiji for a co-generation power plant and upgrading the sugar industry and also a $5 million fund to develop its villages even as the two countries agreed to expand their defence and security cooperation.
Prime Minister Narendra Modi, who made these announcements after talks with his Fijian counterpart Frank Bainimarama shortly after his arrival, also announced a visa on arrival for Fijians and assistance projects that included a parliament library and doubling the scholarships and training slots in India for people from this country.
The lines of credit were part of three agreements signed between the two countries in the presence of the two leaders. Modi arrived in Suva at the crack of dawn on the third and final leg of his 10-day three-nation tour, for a day-long visit, the first by an Indian prime minister to the country in 33 years after Indira Gandhi in 1981.
The tiny remote pacific Island nation rolled out the red carpet for Modi, who was received by Bainimarama, a former military ruler, at the Suva International airport. Bainimarama was sworn in as Prime Minister on 22 September after the first parliamentary elections in the pacific nation since he seized power in a coup in 2006.
Modi was accorded a ceremonial guard of honour at the airport after which he attended the traditional welcome ceremony at Albert Park, close to the prime minister’s office and Parliament. He shook hands with people from the Indian diaspora assembled at the ground as he walked past the enclosures.
“It is a new day and a new beginning in our relations with Fiji," Modi said in remarks to the media at a joint appearance with Bainimarama at the prime Minister’s office. “Fiji could serve as a hub for stronger Indian engagement with Pacific islands. I see this visit as an opportunity to renew an old relationship and lay the foundation for a strong partnership in the future," he added.
Modi also addressed Fijian parliament, the first by a foreign leader, after parliamentary elections, during which he said India was prepared to work with Fiji to build a “Digital Fiji". The line of credit included $70 million for a co-generation power plant at Rarav sugar mill and $5 million to strengthen and modernise Fiji’s village, small and medium scale industries.
“I regard Fiji as an important partner for India. We have deep and enduring ties of history and culture. Fiji is an influential voice in the Pacific Region and the developing world, and our partner in multilateral institutions," Modi said at his joint press interaction. PTI