ANNOUNCEMENT 01 Sep 2011

A new trade finance transaction was announced in September 2011.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=7198


Inception date: 23 Apr 2012 | Removal date: open ended

Trade finance

On 1 September 2011, the Government of India agreed to provide a loan of USD 13 million to the Government of Republic of Mozambique for financing machinery, equipment, goods and services to develop a Solar Photo-Voltaic Module manufacturing plant.
 
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 23 April 2012. 
 

AFFECTED SECTORS

 
371 372 442 449 469 471 482

AFFECTED PRODUCTS

 
700711 700719 700721 848620 851531 851590 854110 854129 854130 854140 854150 854160 854190 854231 854232 854233 854239 854290 854330 854370 854390 854610 854620 854690 903149 903180 903190
(+ 17 more)
Inception date: 23 Apr 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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