Extending $28 billion in loans, India reaches out to 63 countries

To counter China's Belt and Road Initiative, India’s development cooperation partnership based on concessional Lines of Credit has been carrying out economic projects in 63 countries around the world. There are currently 279 LOCs, worth $28 billion, extended to these countries located in Asia, Africa, Latin America, Caribbean and Oceania.

from Times of India https://ift.tt/2KOdj6u