Exim Bank I Exim Bank to provide $130 mn funding for construction of social housing units in Maldives timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Exim Bank on Wednesday said it has extended USD 100 million loan to Mauritius on behalf of India for defense-related procurements. Export-Import Bank of India (Exim Bank), on behalf of the Government of India, has extended a line of credit (LOC) of USD 100 million to the Government of the Republic of Mauritius for the purpose of financing procurement of defense items from India, Exim Bank said in a release. The LOC agreement for this was signed on February 19, 2021, through exchange between Renganaden Padayachy, Minister of Finance, Economic Planning and Development, Mauritius and Gaurav Singh Bhandari, Chief General Manager, Exim Bank. With the signing of this loan agreement, Exim Bank till date has extended six LOCs to Mauritius, on behalf of India, taking the total value of LOCs extended to USD 764.80 million.
Jaishankar’s Maldives Visit: Coast Guard, defence deals signed, Covid vaccines delivered
Sun Online Desk
24th February, 2021 11:07:39
A $50 million line of credit for the Maldives National Defence Force (MNDF) to buy Indian military equipment, Indian assistance for a coast guard harbour close to the capital Malé in Sifvaru, Uthuru Thila Falhu (UTF) in Maé Atoll and the handover of a second batch of 100,000 doses of Covid vaccine were among the highlights of External Affairs Minister S Jaishankar’s second visit to the Maldives. The line of credit will be used by the Maldivian Defence Force to buy equipment it deems necessary. As for the Coast Guard agreement, India will develop, support and maintain a harbour and dockyard comprising berthing facilities for ships, repair and maintenance unit, training facilities for personnel and accommodation. It’s expected to take three years and India is to provide maintenance aid for equipment at the dockyard for 15 years. Sources told S
What lies ahead for India’s solar sector?
February 23, 2021
×
The potential to tap solar energy is huge in India and the Government of India has rightly set a challenging but achievable target of 450 GW of renewable power by 2030 – a bulk of this will be solar energy.
One issue that could come in the way is India’s reliance on imports, especially from China, for solar panels. To avoid this roadblock, the government has come out with a slew of policies to improve India’s self-reliance in this area.
The Aatmanirbhar Bharat Series, presented by Tata Power and
BusinessLine and powered by Exim Bank, will delve deep into this issue in a webinar, ‘Attaining Self-Sufficiency in Solar PV Manufacturing’ on February 25 at 5 pm.
Read more about Government to infuse Rs 1,500 crore into Exim Bank next fiscal on Business Standard. The Centre has decided to infuse Rs 1,500 crore capital into state-owned Export-Import Bank of India (Exim Bank)