INDUS. IMPORTS II

closed

The project forms a part of a program to increase the utilization of existing manufacturing capacity and provides primarily for the import of materials, components and spare parts required by manufacturers of road transport equipment (trucks, buses, engines and automotive components), electrical equipment (including cables and wires), machine tools, cutting tools and construction equipment. In addition to the foreign exchange which would be provided from proceeds of the proposed IDA credit an equivalent amount will be allocated to these same industries from other sources of foreign exchange available to the Government of India.