IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Oct 2009 | Removal date: open ended
Still in force

Trade finance

On 22 October 2009, the Japan Bank for International Cooperation (JBIC) signed a USD 90 million overseas investment loan agreement with Toshiba JSW Turbine and Generator Private Limited. The company is a joint venture between the two Indian companies JSW Energy Limited and JSW Steel Limited and Japanese Toshiba Corporation.

The loan will finance the joint venture company's manufacturing of steam turbines and power generators. Toshiba Corporation will additionally be involved in this business project by providing pressure technology used to increase the efficiency in power generation. The proceeds from this loan will primarily be used for constructing a steam turbine and power generator manufacturing facility.

In this context the Bank stated: 'JBIC has provided a broad range of support for Japanese trade and investment activities in India, including a direct loan to this joint venture business project between a Japanese firm and an Indian partner.'
 
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment loans.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

431 Engines & turbines & parts
8406 Steam turbines and other vapour turbines.
840610 Turbines for marine propulsion
840681 Of an output exceeding 40 MW
840682 Of an output not exceeding 40 MW
840690 Parts
461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850211 Of an output not exceeding 75 kVA
850212 Of an output exceeding 75 kVA but not exceeding 375 kVA
850213 Of an output exceeding 375 kVA
850220 Generating sets with sparkignition internal combustion piston engines
850231 Windpowered
850239 Other
850240 Electric rotary converters

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