Cabinet approves MoU with S. Korea for $9 bn export credit

Cabinet approves MoU with S. Korea for $9 bn export credit

The Cabinet on Wednesday approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of South Korea (KEXIM) for export credit of $9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries.

The MoU is proposed to be signed between the two banks during the forthcoming visit of Finance Minister Arun Jaitley to Seoul, South Korea, on June 14-15 for the Annual Financial Bilateral Dialogue, an official statement said here. Read More…

 

 

Credit By: WebIndia23

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