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India offers USD 10 mn line of credit to Swaziland

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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