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China Eximbank pledges $1 billion USD Credit Line to ICICI Bank (Linked to Record ID #42663)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | ICICI Bank Limited |
| Country | India |
| Start Date | Sep 18, 2014 |
| End Date | Jan 09, 2028 |
| Duration | 4,861 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 42665 |
Grant Description
China EXIM Pledges $1B USD Credit Line to India ICICI Bank On September 18, 2014, the Export-Import Bank of China signed a framework agreement with India's ICICI Bank to extend a $1 billion line of credit. This agreement was signed during Chinese President Xi Jinping's state visit to India.
The Line of Credit will be utilized for projects involving imports of Chinese raw materials, energy, equipment, mechanical and electronic products, complete sets of equipment, high and new tech products, energy projects, infrastructure and construction projects and any other projects mutually agreed by the two banks.
Loan details are unknown.
Sources & References
- Factbox: Key trade, business announcements during China Xi's India visit
- ICICI Bank Limited signs framework agreement with The Export ' Import Bank of China and MoU with China Development Bank Corporation
- SBI
- Exim Bank of China ink pact for $1.8 billion line of credit
- China talks business, enters into pacts
- ICICI Bank Limited signs framework agreement with The Export - Import Bank of China and MoU with China Development Bank Corporation Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
ICICI Bank Limited
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