ET has learnt that the majority Syrian college students for under-graduate and post-graduate programs have arrived in India as a part of the initiative. This resolution, first of its type, was designed and conceived to develop nearer bonds between India and Syria because the Assad authorities has efficiently thwarted the ISIS.
The Indian authorities offered the flight tickets to the scholars as a goodwill gesture. India has been providing capability constructing programs to college students and professionals of creating international locations for over 5 a long time now.
“This was a particular gesture which was prolonged resulting from Indo-Syrian political ties. India has stepped up its engagement with Damascus because the state of affairs is returning to normalcy in most components of Syria,” an individual conversant in the West Asian developments advised ET.
Delhi, which supported the Assad authorities in its battle towards ISIS, is in search of to relaunch its financial and smooth energy engagement with Syria. Excessive-level political engagements are within the offing between Delhi and Damascus over the following few months.
India has prolonged its sturdy help for the sovereignty and territorial integrity of Syria, which on its half, has supported India on the Kashmir concern on all worldwide boards, together with Organisation of Islamic Cooperation, and believes India has the complete proper to take motion it deems match following any cross-border strike.
Almost 100 Indian firms participated at an industrial truthful that was hosted in Damascus final 12 months. Apollo Worldwide had moderinsed a metal plant underneath an Indian authorities’s Line of Credit score (LoC) facility of $25 million even underneath tough circumstances, whereas Bhel is executing a undertaking in Syria underneath one other LoC. Damascus can be keen to supply phosphate blocks to India within the Syrian desert zone.
The European Union has estimated that Syria would require $245 bn to revive its war-torn financial system. India, it has been learnt, is eyeing main reconstruction initiatives throughout housing, energy, textile and meals sectors in Syria.
India had made two vital investments in Syria within the oil sector within the pre-conflict days. First, ONGC and IPR Worldwide signed an settlement in January 2004 for exploration of oil/pure fuel in Block 24 close to Deir-ez-Zour in northern Syria.
Second, ONGC India and CNPC China invested to collectively purchase 37% stake of PetroCanada within the Syrian Al Furat Petroleum Firm. The battle and subsequent sanctions have slowed down ONGC’s operations in Syria. A group of ONGC-Videsh visited Syria to evaluate the feasibility of initiatives into consideration.
India has additionally arrange centres for IT excellence and biotechnology in Syria.