France announced to provide 1 billion Euros credit line to India

Jul 1, 2014 17:54 IST

France on 30 June 2014 announced to provide one billion Euros (8200 crore rupees) line of credit over a three years period to India. The announcement was made by French Foreign Minister Laurent Fabius who is on a visit to India.

The line of credit will help India take initiative in the climate control area and enable India to work closely with France on the issue of climate change.

The credit will be offered through the Agnece Francaise de development (French Development Agency) for creation of sustainable infrastructure and urban development in India.

Earlier, Fabius held talks with his counterpart Sushma Swaraj on the crucial issue of climate change. He said that his country was looking forward to make the Paris Climate Change Conference of the UN in December 2015 a success one.

Apart from this, the Fabius announced decision of his country to have a new visa regime for Indian travellers from January 2015. Under the new visa regime an Indian traveller would get visa in 48 hours. The minister stressed for more people-to-people contact through developing tourism linkages.

During his India visit, Fabius also unveiled a mobile application named Chalo Paris. The application will provide all information about tourists’ destinations, food and other key to Indian travellers during their visit to France.  This app will work on both Android and iOS platforms and will start functioning from September 2014.

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