Companies news
In the Covid-19 crisis, France helps the most vulnerable in India with 200 million euros
France announced Thursday that it would provide financial assistance of up to € 200 million to support vulnerable segments of society
France announced Thursday that it would provide financial assistance of up to € 200 million to support vulnerable segments of society in the context of the Covid-19 pandemic, honoring the commitment made by President Emmanuel Macron.
“Joining forces to overcome # covid19: through the French Development Agency @AFD_en, France is providing financial support of up to 200 million euros to boost social protection systems and protect vulnerable populations in India! ” French Ambassador Emmanuel Lenain tweeted.
The advisory board of the French Development Agency (AFD) has allocated the funds and is expected to sign an agreement with the Indian Ministry of Finance in the coming weeks to support social protection measures and the most vulnerable sections of society, said people familiar with the developments on condition of anonymity.
AFD finances and supports projects in 115 countries aimed at creating a fairer and more sustainable world. It focuses on projects related to climate, biodiversity, education, urban development and health.
Macron had discussed financial aid during his March 31 telephone conversation with Prime Minister Narendra Modi, which also focused on collaboration in the fight against Covid-19.
Those quoted above said that the navies of India and France are also having preliminary discussions on their next joint exercise, which is expected to take place after the Covid-19 crisis. Currently, the two navies are engaged in missions to repatriate their nationals from the Indian Ocean region.
The Indian Navy is conducting Operation Samudra Setu, using large warships to repatriate some 1,000 Indian nationals from the Maldives. The French Navy is engaged in Operation Resilience to provide support to the citizens of French Indian Ocean territories in the fight against Covid-19.
“From Varuna exercises to joint maritime surveillance, [French] & [Indian] the navies are continuing their cooperative efforts, the cornerstone of our strategic partnership. They are fully engaged in operations Samudra Setu and Resilience respectively, helping those facing the test of the # COVID19 pandemic, “tweeted France’s ambassador Lenain.
Exactly one year ago, the Indian and French navies conducted the 17th edition of the Varuna joint exercise with 12 ships participating in aerial, surface and submarine exercises.
“Reaching a decisive phase of interoperability, he announced a joint maritime surveillance mission which will take place in the French exclusive economic zone in February 2020 with an Indian patrol aircraft and a French surveillance frigate,” said the embassy. of France in a press release.
“In 2020, the two navies will continue their cooperation efforts, which are the cornerstone of the strategic partnership between France and India,” added the press release.
Source : FR24 News
