JICA signs USD 50 mn loan agreement for steel plant in Bangladesh – ET Infra


NEW DELHI: The Japan International Cooperation Agency (JICA) on Wednesday said it has signed a USD 50 million (Rs 415 crore) loan agreement for a steel plant in Bangladesh. The loan agreement has been signed with BSRM Steels Limited (BSRMSL), JICA said in a statement.

JICA signed the loan agreement for private sector investment finance of USD 50 million to fund the construction of a steel plant by BSRMSL in Mirsharai, Chattogram district.

The project will be co-financed by the Export-Import (Exim) Bank of India and Standard Chartered Bank, among other institutions, the statement said.

“I am glad to announce that this is the first co-financing project with India Exim Bank. We look forward to exploring additional joint projects with India Exim Bank in third countries,” SAITO Mitsunori, Chief Representative of JICA India, said.

JICA provides assistance in the form of loans, grants, and technical cooperation, to enable the emerging countries to strengthen their capabilities.

  • Published On Oct 19, 2023 at 10:42 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Get updates on your preferred social platform

Follow us for the latest news, insider access to events and more.



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Open chat
1
How May I Help You.
Scan the code
Vishwakarma Guru Construction
Hello Sir/Ma'am, Please Share Your Query.
Call Support: 8002220666
Email: Info@vishwakarmaguru.com


Thanks!!