India's Line of Credit to various countries
Export-Import Bank of India (Exim Bank) has extended Line of Credit facilities to several countries to enable importers to receive goods by making advance payment of just 10-15% of contract value. The balance 85 to 90% is reimbursed to the Indian suppliers by the Exim Bank upon shipment of goods. Credit offered since 2003 is as follows:
|
Country |
Line of Credit |
Receiving Organisation |
|
Trinidad & Tobago |
US$ 8 mn. |
to Republic Bank Ltd. |
|
Iran |
US$ 220 mn. |
to Bank Melli Iran, Bank Mellat, Bank Saderat, Bank Tejarat, Bank Sepah and Industry & Mine Bank |
|
Kazaksthan |
US$ 10 mn. |
to Bank TuranAlem |
|
Angola |
US$ 5 mn. |
to Government of Angola |
|
Poland |
US$ 10 mn. |
to Bank Gospodarstwa Krajowego (BGK) |
|
Sudan |
US$ 50 mn. |
to Government of Sudan |
|
Zambia |
US$ 10 mn. |
to Government of Zambia |
|
West Africa |
US$ 10 mn. |
to Banque Ouest Africaine De Developpement - BOAD |
|
Ghana |
US$ 15 mn. |
to Government of Ghana |
|
Djibouti |
US$ 10 mn. |
to Central Bank of Djibouti |
|
South Africa |
US$ 10 mn. |
to the Amalgamated Banks of South Africa Ltd. (ABSA) |
|
Philippines |
US$ 2 mn. |
to Trade & Investment Development Corporation of the Philippines (TIDCORP) |
|
Sri Lanka |
US$ 5 mn. |
to Hatton National Bank Ltd. (HNB) |
Details about the products and services covered could be referred on Exim Bank's web-site.
Contact information:
E-mail: vasant@abovac.biz
Phone: +91 265 239 0822