PM Narendra Modi announces $14 mn grant for Caribbean

India on Wednesday announced $14 million grant for community development projects for Caribbean or CARICOM group of countries. Along with this New Delhi has also announced $150 million line of credit for solar, renewable energy and climate- change related projects. The announcement came during the first India CARICOM summit that took place on the sidelines of the united nations general assembly in New York. CARICOM is a 15 member Caribbean nations grouping.

PM said, "Our countries face the challenge of climate change.. our focus is to increase ties with Caricom countries" Leaders of Antigua and Barbuda, Barbados, Dominica, Jamaica, St. Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, Vice President of Suriname, and Foreign Ministers of Bahamas, Belize, Grenada, Haiti and Guyana were present in the meet. The development comes a day after India announced $12 million grant to Pacific nations towards the implementation of development projects in areas of their choice.

Earlier this month, India announced $ 1 million financial assistance to Bahamas which was hit by hurricane Dorian. Indian Prime Minister has also invited CARICOM countries to join International Solar Alliance and the Coalition for Disaster Resilient Infrastructure. New Delhi will also set up Regional Center for Excellence in Information Technology in Georgetown, Guyana.

Zee Media Newsroom