Exim Bank gets $100m Japanese funding for healthcare support

The Export-Import Bank of India (Exim Bank) said it had concluded a $100 million loan agreement with Japan Bank for International Cooperation (JBIC), along with three Japanese private financial institutions MUFG Bank, the Bank of Kyoto and the Hachijuni Bank on the side-lines of the Quad Summit.

The purpose of the loan is to support the Indian healthcare sector related to combating Covid-19, including but not limited to vaccine manufacturers, pharmaceutical companies, manufacturers of personal protective equipment, medical oxygen or other medical devices, hospitals, and other related activities.

Exim Bank has been supporting the healthcare sector and all the segments in the pharmaceutical value chain.