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India’s Exim Bank to set up project development firm in Africa

Image Credit: Coastal International Shipping Line

During the India-Africa Forum which took place last week, it was announced that India’s Exim Bank will set up the Kukuza Project Development Company in partnership with the African Development Bank, IL&GS Group and the State Bank of India. The company will facilitate India’s participation in infrastructure opportunities on the continent and is expected to become operational during the first quarter of 2016.

Read more at The Statesman…

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