Left Menu
Development News Edition

India to provide USD 51 mn development aid to Suriname

Suriname has been celebrating 145 years of arrival of Indian diaspora to the country and Kovind's visit coincidesd with the celebration.


India to provide USD 51 mn development aid to Suriname
Suriname has been celebrating 145 years of arrival of Indian diaspora to the country and Kovind's visit coincidesd with the celebration. (Image Credit: Twitter)

India will extend a Line of Credit of USD 31 million and a concessional financing of USD 20 million to Suriname as the two countries agreed to strengthen their economic relations and development partnership after President Kovind held talks with his Surinamese counterpart Desire Delano Bouterse.

President Kovind, who is on a three-day visit to the Latin American country, announced that India will extend concessional financing of USD 20 million for setting up a solar project to provide clean energy to a cluster of 49 villages in Suriname.

India will also extend a Line of Credit of USD 27.5 million to support a power transmission project in PikinSaronarea and another Line of Credit of USD 3.5 million for maintenance of Chetak helicopters.

The president also received the Ratification Instrument of Suriname joining the International Solar Alliance from Bouterse.

India also agreed to assist Suriname to establish a Centre of Excellence in information technology. An MoU to take forward this project was signed.

Besides, the two sides also concluded four MoUs in the fields of elections, diplomatic academies partnership, employment for spouse of diplomats of the two countries and archives.

Suriname invited Indian investment in areas such as agriculture, mining, energy and timber.

During the talks, Suriname accepted India's invitation to attend the 11th World Hindi Conference to be held in Mauritius in August 2018 as well as the Business Conclave to be held between India and CARICOM in Trinidad and Tobago soon.

Addressing the National Assembly of Suriname, Kovind, who arrived here on June 19 on the second leg of his three-nation tour to Greece, Suriname and Cuba, said development cooperation, under the rubric South-South cooperation, is an important pillar of Indo-Surinamese relations.

Kovind was the first foreign Head of State to address the National Assembly of Suriname. In 1988, then Vice-President of India Shankar Dayal Sharma had addressed the House.

"Paramaribo and New Delhi are almost 14,000 km apart. Yet, despite this trans-oceanic gap, our countries have much in common. Both Suriname and India are multi-cultural, multi-religious and multi-ethnic democracies," he said.

Speaking on the climate change, he said, "This is an international concern, a foreign policy issue – and yet, for the people of Suriname it is a deeply-felt existential challenge. I must commend your country for its enlightened approach on climate change. You have shown a determination that even much larger and wealthier nations have shied away from."

Kovind said India has extended financial grants for a craft market project and a digital literacy programme.

"We hope our assistance will help in promoting economic sustainability and capacity building of women and children in Suriname," he said.

He said India wants to strengthen our capacity building partnership with Suriname through the Indian Technical and Economic Cooperation programme as well.

"We have, therefore, offered to raise the annual scholarships to Suriname under the programme from 40 to 50," he said.

Kovind said that President Bouterse has expressed Suriname's continued support for India's aspiration to be a permanent member of the UN Security Council.

"We also expressed our deepest concern on the threat posed by terrorism and conveyed strong support to each other to fight the global menace," he said.

India and Suriname also agreed to enhance cooperation to promote Ayurveda and other traditional medicinal systems of both countries.

Suriname has been celebrating 145 years of arrival of Indian diaspora to the country and Kovind's visit coincidesd with the celebration.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....

How to avoid fake universities and fishing bait like Farmington

As education sharks are roaming around to prey, we present a guide on how to mitigate hunters and reach to a genuine universityinstitute. In this era of commercialization of education, the fake universities and economic frauds in educationa...

Videos

Latest News

Inequality threatening human development, warns new global UN report

Despite global progress in tackling poverty, hunger and disease, a new generation of inequalities indicates that many societies are not working as they should, the UN Development Programme UNDP argued in its latest report released on Monday...

Some people said BJP has limited influence in south; people of

Some people said BJP has limited influence in south people ofKarnataka defeated and punished them in a democratic wayduring bypolls PM Modi at Jharkhand rally....

New Zealand volcano webcam captures tourists in crater moments before eruption

A webcam set up on New Zealands White Island volcano shows at least one group of tourists were inside the crater moments before it erupted and blanketed the area in a massive ash cloud. A crater rim camera owned and operated by New Zealand ...

Yamaha launches BS-VI compliant YZF-R15 bike, price starts at Rs 1.45 lakh

India Yamaha Motor IYM on Monday launched BS-VI compliant YZF-R15 Version 3.0 motorcycle model with price starting at Rs 1.45 lakh ex-showroom Delhi. The 155cc will be available across all company dealerships in India from the third week of...

Give Feedback