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ETC Agro in talks with IFC to finalise terms for $30 million

ETC Agro in talks with IFC to finalise terms for $30 million

Tuesday, March 14, 2017, 5:31 PM

ETC Agro Processing India, a subsidiary of African agricultural conglomerate ETG Group, said it is currently negotiating with International Finance Corporation for a $30 million loan for setting up four pulses milling plants in Kolkata. The total cost of the project is estimated to be $98 million, which will be used for setting up the plants, to meet working capital needs and trading expenses.
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