ANNOUNCEMENT 13 Sep 2010

A new trade finance transaction was announced in September 2010.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve bank of India notificaiton

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=6127


Inception date: 02 Nov 2010 | 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: 02 Nov 2010 | Removal date: open ended
Still in force

Trade finance

On 13 September 2010, the Government of India agreed to provide a loan of USD 72.55 million to the Government of the Lao PDR for financinggoods and services including consultancy services to finance the development of:
- the 230 KV double circuit transmission line from Nabon to Thabok and substations (USD 34.68 million); and

- the Nam Boun 2 hydropower projects (15 MW) (USD 37.86 million).
 
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 2 November 2010.