EBRD, Belinvestbank support Belaz's dump truck exports to India
Belaz, a Belarusian manufacturer of dump trucks and specialised equipment, will be able to expand its export activity in the Indian market with a $200 million trade operation facilitated by the European Bank for Reconstruction and Development and Belinvestbank.
Zhodzina-based Belaz will export 77 dump trucks to India after the company won a tender to supply trucks for use in the mining industry across India
Following the successful bid, Belaz had to provide a number of guarantees to secure the supply and performance of its products. The EBRD and Belinvestbank provided guarantees for the transaction, which is worth $200 million, under the EBRD’s Trade Facilitation Programme. Axis Bank of India was the local confirming bank under the transaction.
