India offers USD 10 mn line of credit to Swaziland
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Last Updated: Wednesday, May 12, 2010, 23:23
New Delhi: India has offered line of credit of USD 10 million to Swaziland to set up a Science and Technology Park.

The line of credit was extended during Lok Sabha Speaker Meira Kumar's visit to the southern African country.

Kumar is in Swaziland to attend the Executive Committee meetings of the Commonwealth Parliamentary Association (CPA).

During her meeting with Prime Minister Barnabas Sibusio Dlamini in Mbabane, Kumar expressed her admiration for the country's rich cultural traditions, a statement from the Lok Sabha secretariat said here.

She said though the countries were located in different continents, memories of what India and Swaziland have gone through in terms of struggles and hardships of the people bring the two closer and create areas of understanding for each other.

Dlamini appreciated the fact that trade and commercial ties between the two countries were being strengthened and expressed happiness on the friendly gesture from India of extending the LoC. He hoped that it would be finalised soon.

He said that at a time when Swaziland was trying to find an identity in the global scenario, India was extending unstinted support to the country.

Kumar assured Swaziland of India's continued support in its development efforts as part of South-South cooperation.

The Speaker also met Indian families, mostly from Daman and Diu, engaged in businesses or serving as professors at institutions of higher learning in Mbabane.


First Published: Wednesday, May 12, 2010, 23:23

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