EXIM Bank approves $2.1 b assistance to Reliance Ind
The Export-Import Bank of the United States (Ex-Im Bank),
has voted to provide $2.1-billion worth of direct loan and loan guarantee to Reliance Industries Ltd, which,
it said, would help increase U.S. export to India.
The transaction is the single largest Ex-Im Bank has ever
authorised for Reliance and it includes extending a $1.06 billion direct loan and similar amount to guarantee
JPMorgan Chase loan to Reliance for export of American goods and services destined for use in Reliance’s
expansion projects at Jamnagar in the Indian State of Gujarat.
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