Britain offers £1 billion credit line for infrastructure projects in India1 min read . Updated: 08 Jul 2014, 10:17 PM IST
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