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India extends first-ever rupee denominated line of credit; Mauritius gets Rs 487cr for water pipeline project | India News – Times of India

adminOctober 17, 202402 mins

India has extended its first-ever rupee-denominated line of credit (LoC) to the Mauritius government, amounting to Rs 487.60 crores, to fund a water pipeline replacement project. This marks the first time India has offered a rupee-based credit line for project financing under the Indian Development and Economic Assistance Scheme (IDEAS). The project will involve the…

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