Cabinet approves MoU for $9 bn export credit from Korea
The Dollar Business Bureau The Cabinet has approved a proposed agreement for export credit of $9 billion between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for infrastructure development in the country and for supplying goods and services as a part of project in other nations. “The Cabinet, chaired by the Prime Minister Narendra Modi, has approved the proposed memorandum of understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of $9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries,” said an official statement. The MoU is likely to be signed between the two sides when Finance ...
18-member US trade delegation to visit India next month
The Dollar Business Bureau An American trade delegation, led by the US Deputy Secretary of Commerce Bruce Andrews, will visit India next month with an aim to enhance bilateral engagements in the country’s technology, services, transportation and power sectors. “The trade mission will help US companies launch or increase their business in India, focusing on technologies, systems and services in the safety and security, intelligent transportation, water, wastewater, and power sectors,” US Department of Commerce said in a statement. The delegates from 18 major companies, accompanied by the US Trade and Development Agency (USTDA) Director Lee Zak and Vice President of Global Business Development at the Export-Import Bank Ray Ellis, will participate in the Smart Cities Infrastructure Business Development Mission ...
