Modi announces 75 million dollar credit to Fiji

Suva:  India is prepared to become a partner in strengthening and modernising Fiji, Prime Minister Narendra Modi said in Suva on Wednesday.

"As Fiji adjusts to the changing global markets, India is prepared to be your partner in making your existing industries stronger and finding new opportunities for the youth," the prime minister said in his address to Fiji's parliament.

He added that for countries like India and Fiji, village and small and medium size industries were the source of enterprise and employment.

"I am pleased to announce a grant of $5 million to strengthen and modernise Fiji's village, small and medium industries."

He also announced a line of credit worth $75 million for Fiji.

"Agriculture supports a majority of the population in India and Fiji. As the largest producer of milk, India can help your dairy industry which can also contribute to your exports," Modi said.

The prime minister said that India was willing to build a digital Fiji and prepare the youth to integrate Fiji with the global IT network.

"In this digital age, every nation can be a part of the global information industry. It is an industry that offers a great path to prosperity and it has the right carbon footprint.

"We are pleased to set up a centre for excellence in information and technology here in Fiji."