Wednesday, October 28, 1998
Go-ahead to Exim Bank to pick equity in overseas plans
The Export-Import Bank of India (Exim Bank) has received the government's approval to take up equity in overseas ventures promoted by Indian companies. Exim Bank can also participate in overseas joint ventures which are wholly owned subsidiaries of Indian companies.
Delhi keen to import chemical fertiliser from Bulgaria
India has evinced interest to import chemical fertilisers from Bulgaria and is keen to set up joint ventures for their manufacture, union minister of state for agriculture Sompal said. The government has also asked public sector fertiliser companies to explore the possibilites of setting up joint ventures with Bulgarian companies
Institutions to rescue steel firms, frame new caveats
Term-lending institutions are likely to infuse fresh funds towards at least three private sector steel projects -- Malvika Steel, Ispat Metallic and one Essar project and decided against additional funding to Rajinder Steels.
|
|
