India announces $1 billion additional line of credit for development projects in Central Asia


On Wednesday, India announced an additional USD 1 billion of Line of Credit for Central Asian countries for higher connectivity and development projects.

During the second India-Central Asia Dialogue key issues like connectivity, development, and terrorism were discussed amongst the top diplomats of Central Asian countries.

The meeting was chaired by the top diplomats of India and other Asian countries including External Affairs Minister of India S Jaishankar, along with Foreign Ministers of Kazakhstan, Tajikistan, Turkmenistan, Afghanistan, Uzbekistan as well as First Deputy Foreign Minister of the Kyrgyz Republic.

The foreign ministers of all these countries discussed the close cooperation in political and security matters of all the nations and an emphasis on promoting connectivity and development partnerships between India and Central Asian countries was also put forward.

An emphasis was also made on reinvigorating trade and commerce partnerships to overcome the lack of overland connectivity barriers.

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The diplomats also deliberated with each other on the establishment of working groups by India Central Asia Business Council, which will comprise of apex chambers of all participating countries.

Amidst the ongoing socio-political conflict in Afghan, all ministers also called for the settlement of the Afghan conflict based on an Afghan-led, Afghan-owned, and Afghan-controlled peace process. The ministers echoed similar sentiments on combating Terrorism by destroying safe-havens, infrastructure, network, and funding channels and underlined the need for every country to ensure that their territory is not used to launch terrorist attacks against other countries.

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