India’s Rs 4,850 cr credit to Maldives needs 75% local sourcing: RBI
India’s Rs 4,850 crore credit line for Maldives’ development projects mandates that 75% of goods and services be sourced from India, according to an RBI circular. The agreement was signed between Exim Bank and the Government of Maldives. India-Maldives Credit Line Mandates 75% Sourcing The Government of India’s Rs 4,850 crore supported credit line for … Read more