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- Export-Import Bank of India
(Exim Bank) has, at the behest of Government
of India, extended a Line of Credit (LOC) of
USD 20 mn to the Government of the Republic
of Mozambique, for enhancing Productivity of
Rice-Wheat-Maize Cultivation in Mozambique.
The LOC Agreement to this effect was signed
in New Delhi, India, on March 28, 2011, by Mr.
T.C.A. Ranganathan, Chairman and Managing Director
on behalf of Exim Bank and H.E. Dr. Venancio
Massingue, Minister of Science & Technology,
on behalf of the Government of the Republic
of Mozambique, in the presence of Hon'ble Prime
Minister of Mozambique H.E. Mr. Aires Bonifacio
Ali and the Hon'ble Prime Minister of Togo H.E.
Mr. Gilbert Fossoun HOUNGBO and Hon'ble Minister
of Commerce and Industry, Government of India
Mr. Anand Sharma.This is the seventh Line of
Credit extended by Exim Bank to Mozambique,
at the behest of Government of India, taking
the total value of LOCs extended to USD 160
mn. The LOCs have supported export of items
like electricity equipment, water drilling machinery
equipment, agro-inputs and drip irrigation,
vegetable oil refining plant & machinery
and oil storage tank, electrification project
in Mozambique, transfer of water drilling technology
and associated equipment, rural electrification
projects in the provinces of Inhambane, Gaza,
Zambezia and Nampula, Cabo Delgado, Manica and
Niassa, in Mozambique.
- Export-Import Bank of
India (Exim Bank) has, at the behest of Government
of India, extended a Line of Credit (LOC) of
USD 14 million as additional amount to the Government
of Djibouti for completing a cement plant project
in Djibouti. The LOC Agreement to this effect
was signed in New Delhi,on February 5, 2011,
by Mr. David Rasquinha, Chief General Manager,
on behalf of Exim Bank and H. E. Mr. Youssouf
Omar Doualeh, Ambassador, Embassy of the Republic
of Djibouti in India, on behalf of the Government
of Djibouti. Exim Bank has earlier extended
two LOCs of USD 10 million each to finance a
cement plant project in Djibouti. Exim Bank
will reimburse 100% of contract value to the
Indian exporter, upfront upon the shipment of
goods/provision of services. Major export items
from India to Djibouti are petroleum products,
primary & semi-finished iron & steel,
manufactures of metals, sugar, machinery &
instruments, transport equipment, rubber manufactured
products, pharmaceutical products, electronic
goods and plastic and linoleum products.
- Export-Import Bank of India
(Exim Bank) has, at the behest of Government
of India, extended a Line of Credit (LOC) of
USD 100 million to Ecowas Bank for Investment
and Development (EBID), a regional development
bank set up by Economic Community for West African
States (ECOWAS), for financing exports of various
equipment, goods and services from India for
public sector projects in 15 member countries
of Ecowas Bank for Investment and Development
in West African region viz. Benin, Burkina Faso,
Cape Verde, Côte d'Ivoire, Gambia, Ghana,
Guinea, Guinea Bissau, Liberia, Mali, Niger,
Nigeria, Senegal, Sierra Leone and Togo. The
LOC Agreement to this effect was signed in New
Delhi on November 9, 2010, by Mr. T.C.A. Ranganathan,
Chairman & Managing Director, on behalf
of Exim Bank and Mr. Christian Adovelande, President,
on behalf of Ecowas Bank for Investment and
Development.Exim Bank will reimburse 100% of
contract value to the Indian exporters, upfront
upon the shipment of goods. The LOC will be
used for financing at least 85% of total contract
value through sourcing of goods and services
from India. Exim Bank earlier extended a GOI-supported
Line of Credit of USD 250 million to Ecowas
Bank for Investment and Development, for financing
exports of various equipment, goods and services
from India to 15 member countries of Ecowas
Bank for Investment and Development in West
African region. Project proposals aggregating
USD 250 mn have been approved for projects in
areas of transportation, electrification, railways,
telecommunications, health, agriculture, in
ten member countries of Ecowas Bank for Investment
and Development.India's trade with ECOWAS stood
at USD 11.48 billion in 2009-10. India's exports
to ECOWAS amounted to USD 2.79 billion in 2009-10
and India's imports from ECOWAS stood at USD
8.68 billion in 2009-10. India's major exports
to ECOWAS region include pharmaceuticals &
fine chemicals, machinery & instruments,
transport equipment, electronic goods, cotton
yarn fabrics, primary and semi-finished iron
and steel. Important import items from ECOWAS
include crude petroleum, inorganic chemicals,
wood and wood products, metaliferrous ores &
metal scrap, crude fertilizer, and transport
equipment.
- Exim Bank of India has
extended a Line of Credit (LOC) of US$ 15 million
to the Government of Cambodia for financing
completion of Stung Tassal Water Development
project in Cambodia. The LOC Agreement to this
effect was signed at the Royal Palace in Phnom
Penh, on September 14, 2010, by Exim Bank's
Executive Director Mr. Prabhakar Dalal and Cambodia's
Secretary of State, Ministry of Economy and
Finance, H.E. Dr. Aun Porn Moniroth, in the
presence of the President of India, H.E. Smt.
Pratibha Devisingh Patil and the Prime Minister
of Cambodia, H.E. Mr. Hun Sen.The LOC will be
utilized by Government of Cambodia for building
a mini-hydropower project and for supply of
water for irrigation of 50,000 hectares of land.
This is the third Line of Credit extended to
the Government of Cambodia. Exim Bank had earlier
extended two LOCs of value aggregating US$ 50.20
mn to Government of Cambodia for financing Stung
Tasal Development Project and construction of
electric transmission line between Kratie and
Stung Treng provinces in Cambodia. Exim Bank
will reimburse 100% of contract value to the
Indian exporters, upfront upon the shipment
of goods. The LOC will be used for financing
at least 75% of total contract value through
sourcing of goods and services from India.
- Exim Bank of India has extended
a Line of Credit (LOC) of US$ 72.55 million
to the Government of Lao People's Democratic
Republic (PDR) for financing (i) 230 kV double
circuit transmission line from Nabon to Thabok
and substations and (ii) Nam Boun 2 hydropower
project (15 MW) in Lao PDR. The LOC Agreement
to this effect was signed at the Royal Palace
in Vientiane, on September 13, 2010, by Exim
Bank's Executive Director Mr. Prabhakar Dalal
and Lao's Finance Minister, H.E. Mr. Somdy Douangdy,
in the presence of the President of India, H.E.
Smt. Pratibha Devisingh Patil and the President
of Lao PDR, H.E. Mr. Choummaly Sayasone.This
is the third Line of Credit being extended to
the Government of Lao PDR. Exim Bank had earlier
extended two LOCs of value aggregating US$ 50.34
mn to Government of Lao PDR for financing electric
transmission line project, hydropower project,
rural electrification and development of irrigation
schemes in Champassack province in Lao PDR.Exim
Bank will reimburse 100% of contract value to
the Indian exporters, upfront upon the shipment
of goods. The LOC will be used for financing
at least 75% of total contract value through
sourcing of goods and services from India. Major
export items from India to Lao PDR are agricultural
machinery, irrigation pumps, garment raw-material,
pharmaceutical products and electrical goods.
- Export-Import Bank of India
(Exim Bank) has, at the behest of Government
of India, extended a Line of Credit (LOC) of
US$ 42 million to the Government of Democratic
Republic of Congo. The LOC Agreement to this
effect was signed in Kinshasa, on August 05,
2010, by Mr. Nadeem Panjetan, General Manager,
on behalf of Exim Bank and Mr. Matata Ponyo
Mapon, Minister of Finance, on behalf of Democratic
Republic of Congo in the presence of the Prime
Minister, the Minister of External Affairs,
Minister of Planning and Minister of Energy
of Democratic Republic of Congo. India's Ambassador
to Democratic Republic of Congo, Mr. D.N. Srivastava
and Mr. Francois Balumeune, Democratic Republic
Congo's Ambassador in New Delhi were also present
at the occasion. The LOC has been earmarked
for financing execution of Kakobola Hydroelectric
Power Project in Democratic Republic of Congo.
Exim Bank will reimburse 100% of contract value
to the Indian exporters, upfront upon the shipment
of goods. The LOC will be used for financing
at least 85% of the total contract value through
sourcing of goods and services from India.Exim
Bank already has in place two Lines of Credit
aggregating US$ 58.50 million extended to the
Government of Democratic Republic of Congo.
The first LOC of US$ 33.50 million is being
utilized for financing setting up a cement plant,
acquisition of buses and other equipments in
Democratic Republic of Congo. The second LOC
of US$ 25 million is being utilised for procurement
of hand pumps and submersible pumps. Located
in the Central Africa, with a small length of
Atlantic coastline, Democratic Republic of Congo
is the third largest country in Africa. Main
products exported from India to Democratic Republic
of Congo are: pharmaceuticals, meat preparations,
machinery and instruments, cotton yarn fabrics
madeups, manufactures of metals, transport equipments,
plastic and linoleum products, primary and semi-finished
iron and steel and electronic goods.
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