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Vol 3 (AAC) No 4

Published 1st February 2010


Untoward Indian tillers

A US$40 million concessionary loan from the Indian government is mired in delays, a legal review and accusations of corruption. Moreover, the mix of army-owned enterprises, tied aid and squabbling agents around the deal is raising eyebrows in diplomatic and business circles. The loan, managed by the Export-Import Bank of India, is for the purchase of power tillers (walking tractors). Specifically, it is for Indian power tillers, as 85% of the loan is tied to Indian goods and services.

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