Agriculture
Cuba
Grants & Concessional Finance
- Government of India has approved a Line of Credit of US$ 5 million for setting up a milk powder processing plant in Camaguey Province of Cuba. The LoC has become effective w.e.f. 28-02-2013.
- Government of India donated 60 tractors to Cuba worth around US$ 6,25,000/-.
- The other dimension is the soft loan (LOC) for developmental projects. India has extended six LoCs, in tune with the Exim bank of India, of US$ 248 million to Government of Cuba –
- Bulk blending fertilizer;
- Modernization of injectable plant;
- Milk powder processing plant;
- In June 2022, a short-term credit agreement of Euro 100 million for procurement of rice from India for Cuba was signed in Havana during the 2nd round of Foreign Office Consultations.
- Embassy of India also hosted a stall at the pavilion showcasing GOI’s One District One Product scheme and International Year of Millets-2023.
