The Fiji Sugar Corporation has secured a soft loan of $3.4 million US dollars from the government-owned EXIM Bank of India.
The FSC executive chair Abdul Khan told Fiji Broadcasting Corporation he signed off the loan in India two weeks ago.
He says the money will be used for mill upgrades.
Mr Khan says a team from India has examined the four sugar mills again and made recommendations to further improve the mill machines.
The loan is to be paid back within a ten year period, and has been guaranteed by the Fijian government.
