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

Export Credit Line for JSW Steel Limited in India
Providing Support for Export of Steel-Manufacturing Facilities from Japan

  • Region: Asia
  • Machinery and Equipment
  • Export Loans
March 27, 2018
  1. The Japan Bank for International Cooperation (JBIC;Governor:Akira Kondoh) signed on March 26 export credit line*1 agreements denominated in Japanese yen and US dollar with JSW Steel Limited (JSW Steel) of India, amounting up to JPY6.6 billion and USD84 million (both JBIC's portions). The loans are co-financed by private financial institutions, bringing the total co-financing amount to JPY11 billion and USD140 million. The amount provided by the private financial institutions will be covered by insurance from Nippon Export and Investment Insurance (NEXI).  
      
  2. The credit line is intended to provide funds for leading Indian steel manufacturing company JSW Steel to purchase steel-manufacturing facilities and technical services from Japanese companies.*2 Japanese steel manufacturer JFE Steel has a 15% stake in JSW Steel.
      
  3. In India, demand for steel is expected to expand in the medium to long term, particularly in the infrastructure and automobile sectors, driven by economic growth. Amid heightened interest in high-quality steel manufacturing facilities, these loans are intended to help further expand exports of machinery and equipment from Japan by meeting the investment needs of JSW Steel in a timely, flexible manner. This will also contribute to maintaining and increasing the international competitiveness of Japanese industries.
      
  4. As Japan's policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in exporting machinery and equipment to growing markets such as India and expanding their businesses into those markets by drawing on its various financial instruments for structuring projects and expanding its risk-taking ability.
      
Note
  1. *1 
    An export credit line is a form of export credit in which JBIC offers credit lines up to a certain amount for foreign banks or corporations which plan to purchase machinery, equipment and associated services from Japan.
  2. *2 
    This is the second export credit line agreement between JBIC and JSW Steel, following the first one signed in May 2014. For details, please refer to the press release issued on May 30, 2014.

Search press releases

Fiscal Years
Sectors
Region
Finance Menu