India has offered Syria a $280 million loan for building a power plant and a steel plant, India’s business daily Business Standard reported.

“India has offered lines of credit worth $280 million to Syria for building a power plant and a steel plant,” the report said, quoting the country’s permanent representative to the UN Ruchira Kamboj.

She added that India has been extending technical and developmental assistance to Syria through bilateral and multilateral channels.

(Writing by P Deol; Editing by Anoop Menon)

(anoop.menon@lseg.com)