Low interest in India connectivity fund

Asean nations slow to dip into $1.3b fund in a setback for Delhi's bid for regional influence

A sum of US$1 billion (S$1.3 billion) sits in India's coffers, waiting to be spent on highways, waterways and digital infrastructure in Asean countries.

But since 2015, when Indian Prime Minister Narendra Modi offered his South-east Asian neighbours the funds in a line of credit for connectivity projects, no concrete proposals have been submitted, let alone come to fruition.

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A version of this article appeared in the print edition of The Straits Times on March 08, 2018, with the headline 'Low interest in India connectivity fund'. Subscribe