Ripples Advisory Indore in India, South Korea sign $10 bn funding agreement for infra projects

The Best Advisory company in Indore- Delivering some stock market tips- one missed call @9644405056 or click here >> https://www.placementindia.com/job-recruiters/company-ripples-advisory

India and South Korea on Wednesday signed an agreement for $10 billion assistance for infrastructure development projects in India, including smart cities.

The two countries signed agreements to establish $9 billion in concessional credit and $1 billion in Official development assistance (ODA) funding for infrastructure development projects in India," said an Indian Finance Ministry statement. This implemented a decision taken during the visit of Prime Minister Narendra Modi to South Korea in May 2015. With this, South Korea became one of the first non-G-7 countries to become an ODA contributor in India. 

Both sides also agreed to consider deploying part of this fund towards the Smart City projects in India. 

No comments:

Post a Comment

Designed with by Way2themes | Distributed by Blogspot Themes