R!CK
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Now Now Now..... Let me enlighten You
We gave credit limit of 500 Million to Vietcoms....
They Picked L&T for order -- Smart Boys!!
Such loans usually have a clause that it can be spent only on Indian products. Loan given to Bangladesh is no different. There are talks of Light Frigate tender soon from Vietnam navy with Brahmos ASM. This ship will be a similar design offered to Philippines Navy but with Brahmos. The US $500 million loan will be utilized for this.
Good Day!