Cabinet approves MoU between India and Korea for export credit of USD 9 billion

Posted on:08 Jun 2017 12:41:30
Cabinet approves MoU between India and Korea for export credit of USD 9 billion
08 June 2017 Current Affairs:

  • The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of USD 9 billion.

  • The decision is expected to promote the country’s international exports and deepen political and financial ties between India and South Korea.


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