India offers $500 m credit line to Mozambique

• India and Mozambique on Thursday signed three agreements besides agreeing upon a credit line of $500 million for infrastructure projects.
  
• During talks with the visiting Mozambique president Armando Guebuza, Prime Minister Manmohan Singh discussed the safety and security of sea lanes against the backdrop of nearly a decade of intermittent cooperation in this area between the two countries.
• The agreements signed relate to avoidance of double taxation, cooperation in mineral resources and between middle and small enterprises.