ANNOUNCEMENT 01 Mar 2010

A new trade finance transaction was announced in March 2010.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=6459


Inception date: 20 May 2011 | 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 20 May 2011 | Removal date: open ended

Trade finance

On 1 March 2010, the Government of India agreed to provide a loan of USD 36.56 million to the Government of the United Republic of Tanzania for financing the purchase of 723 trucks under the India-Africa fund.
 
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 20 May 2011.
 

 
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