Global Trade Alert
Global Trade Alert

India: Loan to Mauritius to finance development of the National Coast Guard with a condition to source inputs from India

Announcement

17 Nov 2016

The Export Import Bank of India extended a Line of Credit of USD 52.3 million to the government of Mauritius to finance the Project Trident, a project to develop further infrastructure and facilities at the National Coast Guard at Fort William. The credit agreement requires that Mauritius source at least 75% of the contract price of goods and services for the project from India.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Apr 2017

Revocation date:

No revocation date

Announced: 17 Nov 2016
Local value added incentive In force
Under the credit agreement for the Line of Credit signed on 3 April 2019, at least 75% of the contract price of goods and services associated with the above project must be sourced from India.
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Announced: 17 Nov 2016
Trade finance In force
The funds under the Line of Credit will be used for financing the Project Trident that involves the construction of new National Coast Guard headquarters at Fort William in Mauritius, construction of ...
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