ANNOUNCEMENT 16 Sep 2015A new trade finance transaction was announced in September 2015.
NUMBER OF INTERVENTIONS
Official press release
"Proposal for providing concessional financing scheme to support Indian companies bidding for strategically important infrastructure projects abroad "
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.