AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 16 September 2015, the Indian Union Cabinet of Ministers approved a scheme to enable the Export Import Bank of India (EXIM) to provide finance at concessional rates to Indian companies vying for "strategically important infrastructure projects" abroad.
The strategic importance of such projects and the terms of finance will be evaluated on an individual case basis.
Further, participating companies are required to source 75 percent of the project value from India, if the terms of the bid do not rule out such an allocation.
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