Mauritius Gets First-Ever Indian Rupee-Denominated Credit Line

Mauritius Gets First-Ever Indian Rupee-Denominated Credit Line

This marks a new phase in India’s economic diplomacy as it looks to boost the global relevance of the Indian rupee and also underlines India’s growing role as a voice of the Global South. The post Mauritius Gets First-Ever Indian Rupee-Denominated Credit Line appeared first on StratNews Global.

India extends its first-ever rupee-denominated Line of Credit under IDEAS – THE INDIAN AWAAZ

India has extended a new Line of Credit for 487.60 crore rupees to the Mauritius government for financing a water pipeline replacement project. 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). The project envisages the replacement of approximately 100 kilometres of obsolete water pipeline in Mauritius. T…