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India Exim Bank conclude US$ 100 mn loan agreement with JBIC

  • May 24, 2022, 12.45 PM
  • DealMoney News Service

Export-Import Bank of India (India Exim Bank) concluded a US$ 100 mn loan agreement with Japan Bank for International Cooperation (JBIC), along with three Japanese private financial institutions, namely, MUFG Bank, Ltd., the Bank of Kyoto, Ltd., and the Hachijuni Bank, Ltd., on the side-lines of the Quad Leaders' Summit.

The purpose of this facility is to support the Indian healthcare sector related to combating COVID-19, including but not limited to vaccine manufacturers, pharmaceutical companies, manufacturers of personal protective equipment, medical oxygen or other medical devices, hospitals, and other related activities.

To further spread awareness on the funding structures available for such companies in India, India Exim Bank and JBIC jointly organised another programme  in collaboration with Pharmexcil in September 2021.

Through this facility, India Exim Bank and JBIC will jointly work towards expanding safe and effective manufacturing of COVID-19 vaccines and related pharmaceutical and healthcare products in India.

India Exim Bank has been supporting the healthcare sector and all the segments in the pharmaceutical value chain.