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As and when an opportunity arises for co-financing in commercial terms, by any two member institutions (say India and South Africa), lending in single currency by both the institutions would also be possible.
He said the ‘Make in India’ initiative is not just an economic policy measure, but also a resolve of better ties with friendly nations such as South Korea.
3. The quantities of iron ore proposed for supply to JSMs and POSCO, South Korea through MMTC Limited under these LTAs will be of grade +64% Fe content.
Export of iron ore under the LTAs would help to strengthen India’s bilateral ties with long-standing partner countries, Japan and South Korea secure an export market and result in inflow of foreign exchange.
India is linked with Belarus under multilateral economic initiatives such as the Eurasian Economic Union (EEU) and the International North South Transport Corridor.
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