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: 04 Oct 2017 | Removal date: open ended
Still in force

Trade finance

On 4 October 2017, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a Line of Credit of USD 4.5 billion to the Government of Bangladesh to finance development projects. According to several news this funding will be utilized for development of power transmission and evacuation facilities, roadways, rail-lines, airports, economic zones, power transmission networks, seaports etc.

Further, as observed in similar previous LOCs and mentioned in the news reports, India will potentially require at least 75% of the contract price for goods and services associated with the project to be sourced from India in case of service-oriented projects and 65% in case of public-works projects.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

531 Buildings
532 Civil engineering works
541 General construction services of buildings
542 General construction services of civil engineering works

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