Study Material | Test Series
Drishti IAS
call1800-121-6260 / 011-47532596
Drishti The Vision Foundation
(A unit of VDK Eduventures Pvt. Ltd.)
France Proposes 1 Billion Euro Credit Line to India
Jul 04, 2014

France has proposed giving India a 1 billion euro ($1.4 billion) credit line to fund sustainable development projects. The credit line would be available over a three-year period. India, which has said it needs $1 trillion of investment by 2017 to upgrade its infrastructure, is keen to attract foreign development agencies and companies to help finance new roads, railways and cities.

Some countries find extending a credit line or investing through development arms a useful way to boost ties with India and also gain an early link to the South Asian nation's future infrastructure schemes.

Japan is a key investor in the Delhi-Mumbai Industrial Corridor, a mega infrastructure project that envisages dozens of new industrial zones and cities sprouting alongside a 1,483-kilometre highway stretch between India's biggest two cities.


Helpline Number : 87501 87501
To Subscribe Newsletter and Get Updates.