ANNOUNCEMENT 15 Sep 2014A new trade finance transaction was announced in September 2014.
NUMBER OF INTERVENTIONS
EXIM bank press release
RBI A.P. (DIR Series) Circular No.111
The credit agreement requires that at least 75% of the goods and services for this project are sourced from India.
On 15 September 2014, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 100 million to the Government of Vietnam for financing purchase of equipment and supplies. According to news reports, the loan will be used for defense purchases from India.
The credit agreement is effective from 22 May 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.