India to give $100 mn credit to Belarus

India to give $100 mn credit to Belarus

FPJ BureauUpdated: Saturday, June 01, 2019, 01:18 AM IST
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Minsk : India has conveyed to Belarus its decision to extend a USD 100 million line of credit for joint ventures with the east European country which has shown interest in the flagship ‘Make In India’ initiative.

The Indian government’s decision was conveyed by President Pranab Mukherjee to his counterpart President A G Lukashenko as the two countries decided to work together on defence and security issues and agreed on a 17-point roadmap aimed at strengthening mutual trust and confidence.

Briefing reporters after the meeting, Secretary (West) in the Ministry of External Affairs Navtej Sarna said President Mukherjee conveyed to Lukashenko the decision to give status of market economy to Belarus besides extending a line of credit of USD 100 million for projects that will be jointly identified.

Mukherjee, who arrived here late last night on a two-day visit, was accorded a ceremonial welcome at the majestic Palace of Independence by Lukashenko. After the ceremony, Mukherjee had a one-to-one meeting with Lukashenko.

During the talks with Lukashenko, the President discussed a host of issues which included increasing trade ties between the two countries besides boosting cooperation in the field of mining, education and heavy machinery.

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