France proposes 1 bln euro credit line for India projects

NEW DELHI, July 1 Tue Jul 1, 2014 1:17am EDT

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NEW DELHI, July 1 (Reuters) - France has proposed giving India a 1 billion euro ($1.4 billion) credit line to fund sustainable development projects, Foreign Minister Laurent Fabius said on Tuesday.

Fabius, who is visiting New Delhi, told reporters the credit line would be available over a three-year period. ($1 = 0.7345 euros) (Reporting by Shyamantha Asokan; writing by Tommy Wilkes; editing by Malini Menon)