<h1>India and Korea's Export-Import Banks Sign $9 Billion MoU to Boost Infrastructure and Third-Country Projects.</h1> The Union Cabinet of India has approved a Memorandum of Understanding (MoU) between the Export-Import Bank of India and the Export-Import Bank of Korea for an export credit of USD 9 billion. This agreement aims to support infrastructural development in India and facilitate the supply of goods and services in third-country projects. The MoU will be signed during an upcoming visit to Korea by India's Finance Minister. The initiative is expected to enhance India's international exports and strengthen financial and political ties with Korea. The credit will focus on priority sectors like smart cities, railways, and power generation.