ANNOUNCEMENT 12 Sep 2013

A new trade finance transaction was announced in September 2013.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



RBI A.P. (DIR Series) Circular No.82 - 9 March 2015
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=9592&Mode=0


Inception date: 18 Feb 2015 | 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: 18 Feb 2015 | Removal date: open ended
Still in force

Trade finance

On 12 September 2013, the Export Import Banking of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 34.54 million to the Government of Niger for financing goods and services for developing a Solar Photo-Voltaic project of 5 megawatts.
 
The credit agreement is effective from 18 February 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.