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Finance minister Arun Jaitley shakes hands with Britain’s finance minister George Osborne after the signing of a joint statement at North Block in New Delhi on Tuesday. Photo: PTI
Finance minister Arun Jaitley shakes hands with Britain’s finance minister George Osborne after the signing of a joint statement at North Block in New Delhi on Tuesday. Photo: PTI

Britain offers £1 billion credit line for infrastructure projects in India

George Osborne says this is the largest single credit line Britain has extended to any specific sector in any country

New Delhi: British finance minister George Osborne on Tuesday announced a £1 billion ($1.68 billion) credit line for investment in Indian infrastructure projects.

“We have announced a £1 billion credit loan for investment in Indian infrastructure where there is some British content and that is the largest single credit line we have extended to any specific sector in any country," Osborne said.

Osborne and British foreign secretary William Hague are on a two-day visit to India to bolster trade and investment ties with Asia’s third-largest economy. Reuters

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