International

India offers line of credit of $170 million for Conakry Water Supply Project in Guinea

NetIndian News Network

Conakry, Guinea, August 3, 2019

India has offered a line of credit of $ 170 million for Conakry Water Supply Project in Guinea as visiting President Ram Nath Kovind stated that the country remains committed to strengthen the economic ties in support of Guinea’s National Development Plan.
Kovind landed arrived here on August 1 evening on the final leg of his three-nation visit to Benin, The Gambia and Guinea. He became the first Head of State/Head of Government from India to visit Guinea.
On his arrival at the Conakry Airport, President Kovind was received by the President of Guinea, Prof Alpha Conde and accorded a ceremonial welcome.
During his meeting with President Conde yesterday, he said India was keen to upgrade and enhance its political relations with Guinea. In keeping with the importance India attaches to enhance its ties, it has opened the Indian Embassy in Conakry in January this year. Subsequently, the President led delegation-level talks between the two sides.
Kovind said India has provided financial assistance for projects identified by Guinea in the energy, health and transportation sectors, including regional hospitals projects. India extended a new line of credit of $ 170 million for the Conakry Water Supply Project, he said.
He was happy to note that India was among the top trading partners of Guinea. India’s growth and Guinea’s natural strengths complement each other. Indian companies were keen to invest in Guinea, especially in the mining, infrastructure, health and pharmaceutical sectors.
“India appreciates Guinea’s leading role in the affairs of the African Union, especially in dealing with issues of peace, security and stability in West African nations. Terrorism is one of the gravest threats to humanity today and we must work together to strengthen the global fight against this evil,” he added.
Both sides reaffirmed their commitment to reformed multilateralism and for comprehensive reforms of the UN Security Council to make it more representative, accountable, transparent, inclusive and effective. President Conde conveyed support for India’s candidacy as a non-permanent member of the UN Security Council for the term 2021–2022.
The two Presidents witnessed the signing and exchange of MoUs on cooperation in the field of the traditional system of medicine and homoeopathy. Mous were signed between Guinea and the Telecommunications Consultants India Limited for participation in the R-VBAB Network Project and between the countries for cooperation in the field of renewable energy.
Later in the evening, the President attended a banquet hosted in his honour by Conde.
NNN

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