Indian importers to benefit from $300 million trade facility

India's infrastructure sector is set to benefit from an agreement between the Industrial Development Bank of India (IDBI) and the Export-Import Bank of the United States (US Exim bank). The $300 million facility is the first of its kind between the US Exim bank and the Indian financial institution. The US Exim bank has also approved a $200 million facility to IDBI's subsidiary, the Small Industrial Development Bank of India (SIDBI).