ANNOUNCEMENT 07 Dec 2009A new trade finance transaction was announced in December 2009.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
The credit agreement requires that at least 75% of the goods and services for this project are sourced from India.
On 7 December 2009, the Government of India agreed to provide a loan of USD 100 million to the Bank for Development and Foreign Economics Affairs (Vnesheconombank) to finance imports of technology, equipment or any goods and services from India.
The credit agreement came into force on 18 January 2010.