ANNOUNCEMENT 02 Oct 2012

A new trade finance transaction was announced in October 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=7741


Inception date: 21 Nov 2012 | 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: 21 Nov 2012 | Removal date: open ended

Trade finance

On 2 October 2012, the Government of India agreed to provide a loan of USD 178.125 million to the Government of the United Republic of Tanzania for financing goods and services to be used to augment the water supply scheme of Dar-es-Salaam and Chalinze regions in Tanzania. 
 
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 came into force on 21 November 2012. 

 
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