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Additional India loan for Fiji

Luke Rawalai
Monday, June 09, 2014

THE government took an additional loan of $US5million ($F9.2m) from India after paying part of its initial $US50million ($F92.5m) loan that it had taken for the sugar industry.

This was revealed by the Indian High Commissioner Vinod Kumar during his tour to the North on Saturday.

Mr Kumar said talks were in progress between both governments for the increases of the loan figure in future for the revival of the sugar industry.

He said the governments had a good relationship and they were working closely with each other.

"India and Fiji have a very good relationship and we have been working together not only bilaterally but also through various international organisations," he said.

"For instance there are many organisations besides the UN that we have been working together with such as the International Sugar Organisation which caters for major sugar producing countries. The co-operation is for the mutual benefit of our people and the next elections we have are keeping a close touch with the government of Fiji regarding the forthcoming elections."


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