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Proposal for providing concessional financing scheme to support Indian companies bidding for strategically important infrastructure projects abroad

Dated:- 16-9-2015 - Press Information Bureau Government of India Ministry of Finance 16-September-2015 14:21 IST The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to a scheme to enable EXIM Bank to offer concessional finance to support Indian companies bidding for strategically important infrastructure projects abroad. This will help Indian companies to bid for large projects abroad. The repayment of the loan would be guaranteed by the foreign Government. .....

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nditions within reasonable limits, on a case by case basis, during the first two years of implementation of the scheme. The projects financed under these terms will be monitored by the Committee. The Committee will also consider financing strategic projects through Public Sector banks other than EXIM Bank on the same terms. The Committee may insist on sourcing of at least 75 percent of the project requirements from India, if it is found compatible with the requests for bids. The experience with .....

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