INDIA TO GET U.K. COAL, STEEL INDUSTRY GRANTS
India will get 104.65 mln stg as
grants from Britain to develop its coal, zinc and lead
industries, the British Information Services said in a
statement.
    It said a 31 mln stg grant would be disbursed over three to
four years under an agreement signed here yesterday between the
Indian Finance Ministry and the British Overseas Development
Administration.
    The British grants for developing the Indian coal industry
using British mechanised longwall technology totalled 52 mln
stg in the past 10 years, it said.
    Under a separate agreement, the British government agreed
to provide 73.65 mln stg as a grant to develop a zinc and lead
mine at Rampura-Agucha and an associated smelting complex at
Chaneriya, both in India's northern state of Rajasthan, the
statement said.
    The grant will finance the basic engineering for the
smelter complex to be undertaken by Britain's <Davy McKee> of
Stockton. It will also help develop the mine complex, it added.
 REUTER
