{"id":250576,"date":"2024-10-18T00:06:06","date_gmt":"2024-10-17T18:36:06","guid":{"rendered":"https:\/\/arunachaltimes.in\/?p=250576"},"modified":"2024-10-18T00:06:06","modified_gmt":"2024-10-17T18:36:06","slug":"india-extends-first-ever-rupee-denominated-line-of-credit-mauritius-gets-rs-487-crore","status":"publish","type":"post","link":"https:\/\/arunachaltimes.in\/index.php\/2024\/10\/18\/india-extends-first-ever-rupee-denominated-line-of-credit-mauritius-gets-rs-487-crore\/","title":{"rendered":"India extends first-ever rupee-denominated line of credit; Mauritius gets Rs 487 crore"},"content":{"rendered":"<p style=\"text-align: justify;\">New Delhi, Oct 17 (PTI) India has extended a new line of credit amounting to Rs 487.60 crore to the government of Mauritius for financing of a water pipeline replacement project, the Ministry of External Affairs said on Thursday.<\/p>\n<p style=\"text-align: justify;\">&#8220;This is the first-ever rupee-denominated Line of Credit to have been extended by India for project financing to any country under the Indian Development and Economic Assistance Scheme (IDEAS),&#8221; the ministry said in a statement.<\/p>\n<p style=\"text-align: justify;\">The project envisages replacement of nearly 100 km of obsolete water pipeline in Mauritius.<\/p>\n<p style=\"text-align: justify;\">The government of India-supported line of credit will be financed by the State Bank of India at concessional terms.<\/p>\n<p style=\"text-align: justify;\">External Affairs Minister S Jaishankar made the formal offer to his Mauritian counterpart, Maneesh Gobin, which has now been accepted by the government of Mauritius, it said.<\/p>\n<p style=\"text-align: justify;\">&#8220;This is yet another reflection of India&#8217;s long-standing commitment to overall socio-economic development of countries in the Global South. India&#8217;s development projects continue to be driven by the aspirations and needs of its partner countries,&#8221; the MEA said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Oct 17 (PTI) India has extended a new line of credit amounting to Rs 487.60 crore to the government of Mauritius for financing of a water pipeline replacement project, the Ministry of External Affairs said on Thursday. &#8220;This is the first-ever rupee-denominated Line of Credit to have been extended by India for project [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-250576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/250576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=250576"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/250576\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=250576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=250576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=250576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}