JBIC and BTMU sign loans with India’s SBI for power equipment imports

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Asia-Pacific

Jonathan Bell

Editor-in-chief

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The Japan Bank for International Cooperation has signed a loan agreement, within a co-financing arrangement, to set up an export credit line with the State Bank of India (SBI), the largest state-owned commercial bank in India. The funds will be on-lent by SBI to purchase power sector equipment from Japan.