India to extend over $60 mn line of credit to Comoros

Vice President M Venkaiah Naidu has signed an MoU with the island nation Comoros. As per MoU, India will extend over $60 mn line of credit to Comoros for Energy and Maritime Defence Cooperation. The Line of Credit consists of over USD 41.6 million for setting up of 18 MW Power Plant in Moroni and another USD 20 million for the procurement of High-Speed Interceptor Boats.

The Vice President was also conferred ‘The Order of the Green Crescent’, the highest Civilian Honour of Comoros, by Azali Assoumani, President of Comoros in Moroni.

Source: The News On AIR

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