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: 14 Sep 2012 | Removal date: 14 Dec 2012
Still in force

Trade finance

On 14 September 2012, the Japan Bank for International Cooperation (JBIC) agreed with the Indian GAIL Limited to offer a loan to increase production capabilities in certain petrochemical plants. GAIL is a state-owned company that conducts business operations under the jurisdiction of the Indian Ministry of Petroleum and Natural Gas.
The loan amounts to JPY 5.4 billion (USD 54.34 million), of which JPY 3.3 billion (USD 33.21 million) are provided by JBIC and the rest by the Bank of Tokyo-Mitsubishi UFJ, Ltd.
The loan is granted to finance the procurement of plant-related equipment from Japanese companies. The JBIC reports that its 'support for Japanese exports of petrochemical plant-related equipment in this project will contribute to creating business opportunities for Japanese companies, and maintaining and improving the international competitiveness of Japanese firms'.
 
The JBIC is a public financial institution and export credit agency created on 1 October 1999 through the merger of the Japan Export-Import Bank and the Overseas Economic Cooperation Fund.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

431 Engines & turbines & parts
8411 Turbojets, turbopropellers and other gas turbines.
841111 Of a thrust not exceeding 25 kN
841112 Of a thrust exceeding 25 kN
841122 Of a power exceeding 1,100 kW
841181 Of a power not exceeding 5,000 kW
841182 Of a power exceeding 5,000 kW
841191 Of turbojets or turbopropellers
841199 Other
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841410 Vacuum pumps
841420 Hand or footoperated air pumps
841430 Compressors of a kind used in refrigerating equipment
841440 Air compressors mounted on a wheeled chassis for towing
841480 Other
841490 Parts
439 Other general-purpose machinery & parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841459 Other
448 Domestic appliances & parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841451 Table, floor, wall, window, ceiling or roof fans, with a self contained electric motor of an output not exceeding 125 W
841460 Hoods having a maximum horizontal side not exceeding 120 cm

Please report this page in case you detect an inaccuracy in its content.