ANNOUNCEMENT 25 Feb 2015

A new trade finance transaction was announced in February 2015.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



India EXIM bank press release :

http://www.eximbankindia.in/node/1315


Inception date: 08 Oct 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: 08 Oct 2015 | Removal date: open ended
Still in force

Trade finance

 On 25 February 2015, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 55 million to the Government of the Republic of Congo for setting up a Greenfield 600 tonnes per day rotary Kiln Cement Plant Project in the country.

The credit agreement for this loan is effective from 8 October 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.