EIB agrees €150mn loan with India Exim Bank

The European Investment Bank (EIB) is providing a €150mn loan to the Export-Import Bank of India (India Exim Bank) to support projects contributing to climate change mitigation and to increasing the European Union’s presence in India.

This is the first time in the past 15 years that EIB has extended a credit line to an Indian entity, and only the second operation of India Exim Bank.

This 15-year agreement will enable India Exim Bank to on-lend for the import of equipment for projects including renewable energy projects and energy efficiency enhancement, as well as projects that would reduce greenhouse gases emission to create a cleaner environment.