News Brief
Guyana To Acquire Two HAL-Made Dornier 228 Aircraft From India, Here's The Plan
Indian Coast Guards (ICG) Dornier Do-228 aircraft. (image via Twitter/@ReviewVayu)
Guyana Defence Force is planning to acquire Hindustan Aeronautics Limited (HAL)-manufactured two Dornier 228 aircraft from India, The Economic Times reported.
An agreement was signed last Friday between the Guyanese Finance Minister and Deputy General Manager of EXIM Bank for a $23.27 million loan from the Export-Import Bank of India.
The Caribbean country Guyana has a substantial Indian diaspora. With the latest deal, the two countries can collaborate to strengthen defence and ensure peace.
These aircraft will be used for maritime patrols and troop movement. India has already given these aircraft to its neighbours like Maldives and Sri Lanka.
The bilateral ties between the two nations extend to the energy sector. Last year, India was planning to source a majority of Guyana's oil share from its oilfields through long-term agreements at preferential rates.
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