Exim Bank extends line of credit of USD 448 million to the government of republic of Uzbekistan.

Export-Import Bank of India [Exim Bank], on behalf of the Government of India, has extended a Line of Credit [LOC] of USD 448 million to the Government of Republic of Uzbekistan for financing various projects in the Roads & Transport, Water and Technology & Communication sectors in Uzbekistan.

The LOC Agreement to this effect was signed on Thursday, December 10, 2020, between Hon’ble Deputy Prime Minister & Minister of Investments and Foreign Trade, Mr. Sardor Umurzakov, Government of Republic of Uzbekistan and Mr. Nirmit Ved, General Manager, Exim Bank.

With the signing of this LOC Agreement, Exim Bank has now in place 266 Lines of Credit, covering 62 countries in Africa, Asia, Latin America, CIS and the Oceania, with credit commitments of around USD 26.59 billion, available for financing exports from India. Besides promoting India’s exports, Exim Bank's LOCs enable demonstration of Indian expertise and project execution capabilities in emerging markets.

For further information, please contact Mr. Nirmit Ved, General Manager, Export-Import Bank of India, Office Block, Tower 1, 7th Floor, Adjacent Ring Road, East Kidwai Nagar, New Delhi-110023. Telephone: +91-11-24607700/ E-mail: eximloc@eximbankindia.in , Website: www.eximbankindia.in