ANNOUNCEMENT 09 Sep 2013

A new trade finance transaction was announced in September 2013.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



http://rbi.org.in/scripts/NotificationUser.aspx?Id=8629&Mode=0


Inception date: 26 Nov 2013 | 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: 26 Nov 2013 | Removal date: open ended
Still in force

Trade finance

On 9 September 2013, the Government of India agreed to provide a loan of USD 30.94 million to the Government of Lao People's Democratic Republic for financing machinery, equipment, goods and services for the construction of storage dams and the development of irrigation systems in Lao.
 
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 26 November 2013.

 
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