ANNOUNCEMENT 22 Mar 2010

A new trade finance transaction was announced in March 2010.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve Bank of India notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=5964


Inception date: 22 Mar 2010 | Removal date: open ended
Still in force

Trade finance

On 22 March 2010, the Government of India agreed to provide a loan of USD 5.763 million to the Government of Suriname for financinggoods and services including consultancy services for the purchase of helicopters from Hindustan Aeronautics Limited (HAL), India.
 
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods and services associated with the project is sourced from India. 
 
The credit agreement came into force on 28 July, 2010.
 
 

AFFECTED SECTORS

 
Inception date: 22 Mar 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.
 
N/A
 
N/A