Belgian credit house increases ceiling for India

By SiliconIndia   |   Thursday, 26 February 2004, 08:00 Hrs
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BRUSSELS: Ducroire, the Belgian credit insurer, has decided to increase its credit ceiling for India from 450 million euros to 600 million euros.

The finance institution said it could cover export transactions to India financed by both short-term credits and medium or long-term credits against political and commercial risks on open account terms.

Ducroire, however, would continue to adopt a "cautious acceptance" policy for transactions with select Indian states. These states are Jammu and Kashmir, Punjab, Assam, Manipur and Nagaland.

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