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France proposes 1 bln euro credit line for India projects

2014-07-01 06:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: France has proposed to give India a 1 billion euro ($1.4 billion) credit line to fund sustainable infrastructure and urban development projects, Foreign Minister Laurent Fabius said on Tuesday. The credit line would be available over three years and would be delivered through the French Development Agency, Fabius, who began his India visit on Monday, told reporters in New Delhi. India, which has said it needs $1 trillion of investment by 2017 to upgrade its creaking infrastructure, is keen...

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