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India will give the Far East 1 billion dollars for development - EastRussia | Far East

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India will give the Far East 1 billion dollars for development

India will give the Far East 1 billion dollars for development
Photo: pixabay.com

India will provide one billion dollars for the Far East. The money will be directed to the development of territories.

According to Indian Prime Minister Narendra Modi at a plenary meeting of the Fifth Eastern Economic Forum, a $ 1 billion credit line is an unprecedented event. The country provides financing because it regards the Far East as a launching pad for further investments.

At the WEF-2019, India opened its own pavilion, where visitors are shown the investment opportunities of the Far East and the promotion of Indian investments in the region. The Indian business mission visited Vladivostok on the eve of the forum and agreed to triple the trade turnover by 2025 and bring it to 30 billion dollars.