Business news

MINSK, 3 June (BelTA) – India is ready to open a $100 million credit line for the implementation of joint projects with Belarus, Indian President Pranab Mukherjee said as he met with Belarusian head of state Alexander Lukashenko on 3 June, BelTA informs.

The Indian President expressed confidence in big prospects for economic cooperation with Belarus. In his words, the forthcoming Belarusian-Indian business forum which is due to take place during the visit of the Indian President to Belarus will promote bilateral cooperation. “I am confident that Belarusian and Indian companies will be able to find common interests,” Pranab Mukherjee said. According to him, India is ready to open a $100 million credit line for its companies to implement joint projects with Belarus in the areas that will be outlined during the Belarusian-Indian high level talks.

Pranab Mukherjee stressed that India and Belarus maintain friendly relations in every sector of cooperation. “Despite the fact that the trade and economic relations have been developing, there are big opportunities to intensify them. We need to diversify the sector of goods in trade in order to increase the bilateral trade which is currently at $400 million,” the Indian leader said.

Pranab Mukherjee believes that new opportunities open for the further development of the Belarusian-Indian cooperation. He also stressed the importance of developing cultural ties with Belarus and said that while in Minsk he is going to attend the official opening ceremony of the Mahatma Gandhi bust.