Approved in June 2021, the $171 million project is funded by a concessional loan of $74.4 million and a grant of $74.5 million from the Asian Development Fund.
The country had signed a security pact with China in April. The Biden administration is hosting leaders from the Pacific Island Forum bloc as US competes for influence in the South Pacific.
Reuters report details China 'plans' for cooperation with Pacific Island nations in policing, security, and trade, among other areas, ahead of Wang Yi's tour of 8 island nations.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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