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Britain offers India 1bn pound credit line for infrastructure projects

  • Published at 06:04 pm July 9th, 2014

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

“We have announced a 1bn 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.