Utilization of Indian Line of Credit for Essential Goods

The Ministry of Finance would like to share the current progress of the Indian Credit Line Facility of USD 1 billion obtained from India for the importation of essential goods.

Sectoral Breakdown of Credit Facility

Several subcategories, including Rice, large onions, dried chilies, sugar, wheat, etc., were included under the essential commodities category. As of 03rd June 2022, USD 80.2 million have been allocated for white sugar importation among 48 importers while, USD 19.3 million have been approved for animal feed importation. Further, 15 importers have been approved for the importation of dried chilies totaling USD 17.8 million and another USD 17.02 was allocated for red lentils in funding.

Under the category of raw materials, USD 8.5 million was authorized for Packing and plastic-related imports, while textile- and apparel-related importers worth of approximately USD 8 million were permitted to import. As of now, another USD 8 million were authorized for paper and printing-related imports and USD 6 million was allocated for cement imports.

The allocation of pharmaceutical imports was distributed among four sub-categories, and SPC was authorized to import products worth USD 30.5 million, while local manufacturing, including SPMC, has been authorized to purchase stuff worth USD 55 million to date.

 

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