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India will open credit lines for Syria to build steel plant

India will provide Syria with a $280 million loan for the construction of a steel mill, power plant and education centre.

India will open credit lines for Syria to build steel plant

Indian representatives announced this initiative at a meeting of the UN Security Council on the socio-political situation in Syria. Due to the strengthening of relations between the two countries in the last year, universities in India are accepting Syrian students for education and training experts for the development of the industrial sector.

Despite the war and economic sanctions in Syria, the country's steel industry continues its activities despite raw material and electricity problems.

Due to the difficult situation in the country, accurate estimates of Syrian metallurgy are practically not published, but experts estimate its production capacity at several million tons per year.

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