Fiji Time: 4:22 AM on Thursday 26 November

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 0.62610.6071
JPY 58.229955.2299
GBP 0.31160.3036
EUR 0.44190.4299
NZD 0.72470.6917
AUD 0.65280.6278
USD 0.47310.4561



Exchange Rate updated on 25th November 2015

Today's Most Read Stories

  1. Left for dead
  2. MV Suilven sinks
  3. Father of two sent to prison
  4. Waqa out of team
  5. 350 tenants to lease residential lots
  6. Lack of consultation disappoints Kumar
  7. Formalisation of iTaukei villages nears completion
  8. Pa's labour of love
  9. School rewards students
  10. Ministry prepares for ILO

Top Stories this Week

  1. A-G: 'Let us not insult our fathers' Thursday (19 Nov)
  2. Students score zero Thursday (19 Nov)
  3. Exit 'reason' Friday (20 Nov)
  4. Left for dead Wednesday (25 Nov)
  5. MV Suilven sinks Wednesday (25 Nov)
  6. Village headman arrested Friday (20 Nov)
  7. 8 years for raping man Tuesday (24 Nov)
  8. Minister defends PM's trip Friday (20 Nov)
  9. MV Suilven sinks in Suva Harbour Tuesday (24 Nov)
  10. Friend indeed Monday (23 Nov)