News ID: 110382
Published: 0856 GMT January 27, 2015

Banker: India's Exim Bank allocates $150mn credit line to Iran

Banker: India's Exim Bank allocates $150mn credit line to Iran

According to an agreement between the Iranian and Indian governments, India's Exim (Development) Bank has allocated a credit line up to 150 million dollars to Iran trade, managing director of Iranian Bank of Industries and Mines said on Tuesday.

'The Indian bank's credit line will be used to buy railway facilities from that country,' said Ali Ashraf Afkhami, noting that the two countries' central banks are involved in the agreement.
Focusing on the activities of Iranian Bank of Industries and Mines, he said that by making investments in 36 projects in various Iranian cities the bank has provided for direct employment of 4,100 people throught the country and many more indirectly.

   
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