Mumbai, January 18, 2019: Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India (GOI), extended a Line of Credit [LOC] OF USD 200 million for housing and social infrastructure projects to Government of the Republic of Uzbekistan. The LOC Agreement to this effect was signed between Mr. Sukhrob Rustamovich Kholmuradov, Hon’ble Deputy Prime Minister of the Republic of Uzbekistan and Mr. David Rasquinha, Managing Director of Exim Bank. The LOC agreement was exchanged between Mr. David Rasquinha, Managing Director of Exim Bank and Mr. Burnashev Shamil Rinatovich, Deputy Chairman, State Investment Committee of the Republic of Uzbekistan, on January 18, 2019, during the inaugural day of the Vibrant Gujarat Summit 2019.
This is the first LOC extended by Exim Bank to Uzbekistan. Major Export items from India to Uzbekistan include Pharmaceutical products, machinery & mechanical appliances, vehicles other than railway or tramway, coffee, tea, mate and spices, tanning or dyeing extracts, organic chemicals, and plastic and its articles.
With the signing of this LOC Agreement, Exim Bank has now in place 239 Lines of Credit, covering 63 countries in Africa, Asia, Latin America, and the CIS, with credit commitments of around USD 23.25 billion, available for financing exports from India. Besides promoting India’s exports, Exim Bank’s LOCs enable demonstration of Indian expertise and project execution capabilities in emerging markets.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
New record set on BSE; crosses listing of Rs 2 lakh crore of Commercial Papers
“Running is the foundation of any sport,” says Shannon Miller, International Event Ambassador of the Tata Mumbai Marathon 2020
Restriction on import of refined palm oil will safeguard the margins of domestic palm oil refiners while also improving their capacity utilisation: ICRA
YULU brings more EV’s to Namma Bengaluru in collaboration with South Western Railways
MINDBODY Opens New Office in Pune
2014 The Global Indian New Network (TGINN)