ANNOUNCEMENT 06 Aug 2014A new trade finance transaction was announced in August 2014.
NUMBER OF INTERVENTIONS
RBI//2015-16/146 A.P. (DIR Series) Circular No.7
On 6 August 2014, the Government of India agreed to provide a loan of USD 18.08 million to the Government of the Republic of Chad for financing goods and services for setting up a veterinary pharmaceutical manufacturing plant.
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 plant is sourced from India.
The credit agreement entered into force on 30 June 2015.