Global Trade Alert
Global Trade Alert

Japan: JBIC provides loan to State Bank of India for developing and operating city gas distribution with Japanese stakes

Announcement

29 Jun 2023

In June 2023, Japan Bank for International Cooperation (JBIC) signed a loan agreement with the State Bank of India, to finance the activities of AGP City Gas Private Limited in India (an investee of Japanese companies) which operates a gas distribution network business. Additionally, the bank also provided guarantees so the company could access private funding from other commercial banks.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Jun 2023

Revocation date:

No revocation date

Updated: 29 Jun 2023
Financial assistance in foreign market In force
On 29 June 2023, the Japan Bank for International Cooperation (JBIC) signed a loan agreement with the State Bank of India (SBI) for the amount of JPY 8.1 billion. The loan is used to support the devel...
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