https://www.taxtmi.com/news?id=14992 Scheme authorises EXIM Bank to provide concessional finance for Indian companies bidding for strategically important overseas infrastructure projects, with loan repayment guaranteed by the foreign government. A Committee chaired by the Secretary (DEA) and comprising specified ministries and the Deputy National Security Adviser will determine eligibility case-by-case, set conditions during the initial two years, monitor projects, consider participation by other public sector banks on same terms, and may require at least 75 percent domestic sourcing where compatible; the scheme will be evaluated after two years. en-us Wed, 16 Sep 2015 16:31:25 +0530 Wed, 16 Sep 2015 16:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14992 Scheme authorises EXIM Bank to provide concessional finance for Indian companies bidding for strategically important overseas infrastructure projects, with loan repayment guaranteed by the foreign government. A Committee chaired by the Secretary (DEA) and comprising specified ministries and the Deputy National Security Adviser will determine eligibility case-by-case, set conditions during the initial two years, monitor projects, consider participation by other public sector banks on same terms, and may require at least 75 percent domestic sourcing where compatible; the scheme will be evaluated after two years. News - Wed, 16 Sep 2015 16:31:25 +0530 https://www.taxtmi.com/news?id=14992