Paramaribo: India will extend a Line of Credit of $31 million and a concessional financing of $20 million to Suriname as the two countries agreed to strengthen their economic relations and development partnership after President Kovind held talks with his Suriname 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 $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 $27.5 million to support a power transmission project in Pikin Saron area and another Line of Credit of $3.5 million for maintenance of Chetak helicopters.
India also agreed to assist Suriname in establishing a Centre of Excellence in information technology. A Memorandum of Understanding to take forward this project was signed.
Suriname invited Indian investment in areas such as agriculture, mining, energy and timber.
Addressing the National Assembly of Suriname, President Kovind, who arrived in Suriname on June 19 said development cooperation, under the rubric South-South cooperation, is an important pillar of Indo-Surinamese relations.
"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.
President Kovind said India has extended financial grants for a craft market project and a digital literacy programme.
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.
President 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, with which President Kovind's visit coincides
President Kovind, who is on a three-day visit to the Latin American country, announced that India will extend concessional financing of $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 $27.5 million to support a power transmission project in Pikin Saron area and another Line of Credit of $3.5 million for maintenance of Chetak helicopters.
India also agreed to assist Suriname in establishing a Centre of Excellence in information technology. A Memorandum of Understanding to take forward this project was signed.
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Suriname invited Indian investment in areas such as agriculture, mining, energy and timber.
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Addressing the National Assembly of Suriname, President Kovind, who arrived in Suriname on June 19 said development cooperation, under the rubric South-South cooperation, is an important pillar of Indo-Surinamese relations.
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"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.
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President Kovind said India has extended financial grants for a craft market project and a digital literacy programme.
Advertisement
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.
President 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, with which President Kovind's visit coincides
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