ANNOUNCEMENT 20 Sep 2012

A new trade finance transaction was announced in September 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=7777


Inception date: 26 Dec 2013 | Removal date: open ended

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: 26 Dec 2013 | Removal date: open ended

Trade finance

On 20 September 2012, the Government of India agreed to provide a loan of USD 250 million to the Government of the Republic of Mozambique for financing goods and services to improve the quality of power supply in Mozambique.
 
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 is effective from 26 December 2012. 
 

 
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