News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 10 years ago
Home  » Business » Britain offers 1 bn pound credit line for Indian infrastructure projects

Britain offers 1 bn pound credit line for Indian infrastructure projects

By Frank Jack Daniel
July 09, 2014 10:38 IST
Get Rediff News in your Inbox:

George OsborneBritish finance minister George Osborne on Tuesday announced a 1 billion pound ($1.68 billion) credit line for investment in Indian infrastructure projects.

"We have announced a 1 billion pound 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.

Image: George Osborne

Please click here for the Complete Coverage of Budget 2014 -15

Get Rediff News in your Inbox:
Frank Jack Daniel in New Delhi
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!