ANNOUNCEMENT 13 Dec 2012

A new trade finance transaction was announced in December 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve Bank of India notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=7936


Inception date: 13 Mar 2013 | Removal date: open ended
Still in force

Local sourcing

The credit for this transaction is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 13 Mar 2013 | Removal date: open ended
Still in force

Trade finance

On 13 December 2012, the Government of India agreed to provide a loan of USD 76.5 million to the Government of the Republic of Malawi for financing goods and services to be used for the following projects:

(i) development of irrigation network under the greenbelt initiative,
(ii) setting up of refined sugar processing equipment in Salima under greenbelt initiative,
(iii) development of fuel storage facilities in Malawi.
 
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the plant is sourced from India.

 
The credit agreement entered into force on 13 March 2013.