MenuClose

  • JP
  • SearchClose
Home
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Press Releases
Press Releases

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

Loan for Engine Valve Manufacturing and Sales Business of Japanese Company in India
Supporting Overseas Business Deployment of Japanese Automotive Parts Industry with Local Currency Loan

  • Region: Asia
  • Manufacturing and Services
  • Overseas Investment Loans

October 9, 2015
  1. The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed on October 8, a loan agreement amounting up to approximately INR170 million (JBIC portion) with Nittan India Tech Private Limited (NIT), an Indian subsidiary of NITTAN VALVE CO., LTD. (NITTAN VALVE). The loan is cofinanced with private financial institutions, with a total cofinancing amount of approximately INR290 million.
     
  2. This loan is intended to finance the expansion of manufacturing and sales of engine valves for four-wheel and two-wheel vehicles by NIT, through providing investment capital in local currency.
     
  3. NITTAN VALVE provides engine valves, precision forgings, valve lifters, large diesel engine components, and other various products to a wide range of sectors, including automobiles. This loan is aimed at enhancing NIT's manufacturing facilities in response to the growing demand for engine valves by Japanese automobile manufacturers in India, and will lead NIT to gaining a stronger customer base as well as a larger share of the local market. Through the support of such overseas business deployment of NITTAN VALVE by local currency loan, this financing will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
     
  4. As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese companies by drawing on its various financial facilities and schemes, including loans to meet the need for local currency funding, for structuring projects and performing its risk-assuming function.

Search press releases

Fiscal Years
Sectors
Region
Finance Menu