The credit line would be available over three years and would be delivered through the French Development Agency, Fabius, who began his India visit on Monday, told reporters in New Delhi.
India, which has said it needs $1 trillion of investment by 2017 to upgrade its creaking infrastructure, is keen to attract foreign development agencies and companies to help finance new roads, railways and cities. Prime Minister Narendra Modi, who took office in May, has vowed to focus on infrastructure.
"If you don't have the share of technology and the share of finance, you can develop brilliant ideas, may be brilliant, but (you will have) nothing concrete," Fabius said at an event about sustainable growth and climate change.
France Proposes $1.4 Billion Credit Line for India Projects
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