IMPLEMENTATION LEVEL

National

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: 20 Nov 2012 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and Jamshedpur Continuous Annealing & Processing Company Private Limited (NSSMC) has a maximum value of USD 81 million. The company is a joint venture between the Japanese steel companies Nippon Steel & Sumitomo Metal Corporation and Tata Steel Limited.

The loan finances the joint venture company's project to set up a plant to manufacture cold-rolled steel sheets in Jamshedpur, India.

In this context, the Bank stated: "The loan will thus contribute to maintaining and improving the international competitiveness of the Japanese steel industry by supporting NSSMC's overseas business deployment.

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

412 Products of iron or steel
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm

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