Exim Bk extends credit line to Chad
Export and Import Bank of India has provided $ 50 million loan to West African country Chad for importing steel rolling mill, bicycle plant and cotton yarn plant from India.
By PTI |
NEW DELHI: Export and Import Bank of India has provided $ 50 million loan to West African country Chad for importing steel rolling mill, bicycle plant and cotton yarn plant from India.
"Exim Bank has signed a Line of Credit (LoC) for $ 50 million with government of Chad," said Exim Bank Chairman T C Venkat Subramanian.
Subramanian said: "The LoC would be used for financing export of steel rolling mill and setting up a bicycle plant and cotton yarn plant."
The 20-year loan was given to the West African country at a concessional interest rate.
The loan was under the India Development Initiative of the government that supports export of Indian goods and services to developing countries in Asia, Africa and Latin America.
Recently, Exim Bank extended line of credits to Ghana ($ 60 million), Congo ($ 33.5 million), Mali ($ 27 million) and Ivory Coast ($ 26.8 million).
"Exim Bank has signed a Line of Credit (LoC) for $ 50 million with government of Chad," said Exim Bank Chairman T C Venkat Subramanian.
Subramanian said: "The LoC would be used for financing export of steel rolling mill and setting up a bicycle plant and cotton yarn plant."
The 20-year loan was given to the West African country at a concessional interest rate.
The loan was under the India Development Initiative of the government that supports export of Indian goods and services to developing countries in Asia, Africa and Latin America.
Recently, Exim Bank extended line of credits to Ghana ($ 60 million), Congo ($ 33.5 million), Mali ($ 27 million) and Ivory Coast ($ 26.8 million).
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"Exim Bank has signed a Line of Credit (LoC) for $ 50 million with government of Chad," said Exim Bank Chairman T C Venkat Subramanian.
Subramanian said: "The LoC would be used for financing export of steel rolling mill and setting up a bicycle plant and cotton yarn plant."
The 20-year loan was given to the West African country at a concessional interest rate.
The loan was under the India Development Initiative of the government that supports export of Indian goods and services to developing countries in Asia, Africa and Latin America.
Recently, Exim Bank extended line of credits to Ghana ($ 60 million), Congo ($ 33.5 million), Mali ($ 27 million) and Ivory Coast ($ 26.8 million).
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