India extends over 60 million dollar line of credit to Comoros for Energy and Maritime Defence Cooperation
India has said, it will extend a Line of Credit of over 60 million US Dollars to Comoros in the field of energy and maritime defence cooperation.
Addressing the parliament of the East African island nation Comoros at its capital Moroni, Vice President M Venkaiah Naidu said, both the countries have signed some important agreements including cooperation in defence and energy sectors. He said, India will extend a Line of Credit of over 41.6 million US Dollars for setting up of 18 MW Power Plant in Moroni and another 20 million US Dollars for the procurement of High-Speed Interceptor Boats.
The Vice President said, even as political stability and peaceful transition takes place in Comoros, terrorism has, time and again, threatened to derail this process. He said, terrorist groups, threaten peace and stability and render state institutions vulnerable. Piracy and maritime threats as well as cross border transnational crimes, including cybercrimes, have only added new dimensions to the problem.
The Vice President said, as Comoros continues to be a victim of cross border terrorism, India is willing and ready to partner with it, and supplement its efforts to neutralise these threats, particularly in the maritime domain.
The Vice President was also conferred ‘The Order of the Green Crescent’, the highest Civilian Honour of Comoros, by Azali Assoumani, President of Comoros in Moroni.