Current Affairs - Defence - Discussion

Discussion Forum : Defence - Latest Current Affairs (Q.No. 1320)
1320.
India has extended _________ amount of line of credit to Seychelles to allow it to buy defence equipment from India.
$200 million
$100 million
$300 million
$500 million
Answer: Option
Explanation:
India has extended a $100 million line of credit to Seychelles to allow it to build its defense capabilities and purchase weapons from India. The two nations also signed six Memoranda of Understanding (MoU), including in the area of infrastructure development in Seychelles, cyber security and white-shipping arrangement that would enable the two countries to exchange data regarding identity and movement of non-military commercial vessels. As promised by PM Modi during his visit there in 2015, India also gifted the 2nd Dornier aircraft to Seychelles ahead of its National Day on June 29, 2018.
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