Bank loan

Exim Bank Loan Agreement: Exim Bank Signs $100 Million Loan Agreement with Japanese Banks to Finance Healthcare Projects

The Export-Import (Exim Bank) announced on Monday that it had concluded a loan agreement of 100 million dollars with the Japan Bank for International Cooperation (JBIC), as well as three Japanese private financial institutions MUFG Bank, the Bank of Kyoto and the Hachijuni Bank. – Quad lines

Summit.

The purpose of the loan is to support India’s healthcare sector related to the fight against Covid-19, including but not limited to vaccine manufacturers, pharmaceutical companies, protective equipment manufacturers personal, medical oxygen or other medical devices, hospitals and other related activities.

Exim Bank supports the healthcare sector and all segments of the pharmaceutical value chain.

“Apart from supporting the domestic expansion projects of companies in these sectors, Exim Bank has also supported the overseas efforts of various Indian companies in the healthcare sector, including hospitals and healthcare institutions, pathology laboratories and related training services, pharmaceutical and biotechnology manufacturing,” Exim Bank said in a statement.

Exim Bank said it also supports research and development, new product development and other related areas.