ANNOUNCEMENT 19 Mar 2012

A new trade finance transaction was announced in March 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



official notification -

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=7539


Inception date: 22 Aug 2012 | Removal date: open ended

Trade finance

On 19 March 2012, the Government of India agreed to provide a loan of USD 39.69 million to the Government of the Central African Republic for financing machinery, equipment, goods and services to develop two hydro-electric projects.
 
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 project is sourced from India. 
 
The credit agreement came into force on 22 August 2012.

AFFECTED SECTORS

 
354 371 372 375 431 461 462 463 464 469 471 482

AFFECTED PRODUCTS

 
382410 382430 382440 382460 382479 382490 681019 681099 841011 841012 841013 841090 850110 850131 850132 850140 850151 850152 850153 850161 850162 850164 850211 850212 850213 850220 850231 850239 850240 850300 850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490 850511 850519 850590 850680 850710 850720 850730 850780 850790 853210 853221 853223 853224 853225 853229 853290 853310 853321 853340 853400 853510 853521 853529 853530 853540 853590 853610 853620 853630 853641 853649 853650 853661 853669 853670 853690 853710 853720 853810 853890 854231 854232 854233 854239 854290 854330 854370 854390 854411 854419 854420 854430 854442 854449 854460 854470 854610 854620 854690 902830 902890
(+ 92 more)
Inception date: 22 Aug 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.
 
N/A
 
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