Fiji Time: 3:20 AM on Monday 5 October

Fiji Times Logo

/ Front page / News

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."

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62500.6060
JPY 56.314853.3148
GBP 0.30660.2986
EUR 0.41350.4015
NZD 0.73890.7059
AUD 0.66860.6436
USD 0.46750.4505



Exchange Rate updated on 30th September 2015

Today's Most Read Stories

  1. Car crash driver free
  2. Mother laments loss of son
  3. Naholo's fastest try
  4. England out of Rugby World Cup
  5. Talk or else
  6. Dishonesty worries
  7. AG lodges complaint against FRCA
  8. Queen visits Happy Home
  9. 256 teachers awarded OHS, first aid training certificates
  10. Call for examinations

Top Stories this Week

  1. Fiji's rugby woes Monday (28 Sep)
  2. Pastor in court Tuesday (29 Sep)
  3. Padre on indecent assault charge fronts court Monday (28 Sep)
  4. Tribute to dad Monday (28 Sep)
  5. Tired Wales march on after holding off feisty Fiji Friday (02 Oct)
  6. The mysteries and tragedies of Naria Tuesday (29 Sep)
  7. RWC 2015 ball hunters Wednesday (30 Sep)
  8. 13 seek refuge in Fiji Wednesday (30 Sep)
  9. Botia up for Wales clash Thursday (01 Oct)
  10. Military has its suspicions Tuesday (29 Sep)