Bharti Airtel gets credit line of $2.5 billion from Chinese banks

[Anup Tiwari]

MUMBAI: India's top mobile carrier
Bharti Airtel has received financing
commitments of up to $2.5 billion
from top Chinese banks as it tries to
invest in the growth of data
networks across its global
operations.
Bharti Airtel, which operates in 20
countries across Asia and Africa, said
on Saturday that China Development
Bank had committed a $2 billion
credit line, while Industrial and
Commercial Bank of China has
offered a $500 million credit line.
The company signed the term sheets
for the financing options in the
presence of Indian Prime Minister
Narendra Modi, who is on an official
visit to China.
The transaction needs approvals,
including from India's central bank,
the Reserve Bank of India, it said in
a statement.


http://m.timesofindia.com/business/...n-from-Chinese-banks/articleshow/47305891.cms

 

[jnkp2519]

But why our Indian traders selling ! Made in China! goods n equipments in India, when such items can be made in India. While my families visited India , n visited many temples, they found out that even god n goddess idols r made in China .Why Mr.Modi ?