Global Trade Alert
Global Trade Alert

India: Loan to Zimbabwe for the renovation and upgradation of a thermal power plant with the condition to source inputs from India

Announcement

04 Apr 2019

India has extended a line of credit to Zimbabwe to renovate a thermal power plant.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

26 Nov 2019

Revocation date:

No revocation date

Updated: 04 Apr 2019
Local value added incentive In force

Under the credit agreement for the Line of Credit signed on 26 November 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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Updated: 04 Apr 2019
Trade finance In force

On 04 April 2019, the Indian Export-Import Bank of India, on behalf of the Government of India, has extended a Line of Credit (LoC) of USD 23 million to the Republic of Zimbabwe for financing ...

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