UK offers 1bn pound credit line for infrastructure projects.

British finance minister George Osborne recently announced a 1-billion-pound ($1.7-billion) credit line for investment in infrastructure projects in India.

'We have announced a 1-billion-pound credit loan for investment in Indian infrastructure where there is some British content and that is the largest single credit line we have extended to any specific sector in any country,' Osborne said.

Osborne and British foreign secretary William Hague are on a two-day visit to India to bolster trade and investment ties with Asia's third-largest economy.

TOI