ANNOUNCEMENT 06 Jan 2010

A new trade finance transaction was announced in January 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=5544


Inception date: 04 Mar 2010 | Removal date: open ended

Trade finance

On 6 January 2010, the Government of India agreed to provide a loan of USD 50 million to the Government of Zambia for financing goods and services including consultancy services to develop the Itezhi-Tezhi hydro power project.
 
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 4 March 2010.
 

AFFECTED SECTORS

 
372 412 433 461 462 464 469 471 482

AFFECTED PRODUCTS

 
730511 730512 730519 730539 848310 848320 848330 848340 848350 848360 848390 850110 850120 850131 850134 850140 850152 850161 850162 850164 850211 850212 850213 850220 850231 850239 850300 850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490 850511 850590 850680 850710 850720 850730 850780 850790 853210 853223 853224 853225 853229 853310 853321 853340 853400 853521 853529 853530 853540 853590 853610 853620 853630 853641 853649 853650 853669 853690 853710 853720 853810 853890 854231 854232 854233 854239 854290 854370 854390 854511 854519 854520 854590 854620 854690 902830 902890
(+ 77 more)
Inception date: 04 Mar 2010 | 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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