Reserve Bank of India

13.08.2015

Banking

Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanma Foreign Trade Bank.

MANU/APDR/0067/2015

The Export-Import Bank of India entered into an agreement with the Myanma Foreign Trade Bank, Republic of Union of Myanmar, to make available a Government of India supported Line of Credit of $6.20 million for financing the implementation of a microwave radio link on the Rhi-Mindat route, to be carried out by Telecommunication Consultants India Limited. The credit agreement is effective from 27 July, 2015. The last date for opening of letters of credit and disbursement will be 48 months from the scheduled completion date of contract for project exports, and 21 March, 2021 for other supply contracts.

Tags : exim myanmar project radio

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