Himalya International Ltd. has announced that US Exim Bank would participate in the company's Almond processing plant in Rajasthan.
US EXIM Bank issued a 'Letter of Interest' for lending US$8.5mn to Himalya International at concessional rate of 4.37% per annum. The amount shall be utilized by Himalya International for its Rs1.2bn plant for Almond processing and frozen and freeze dried berries in Rajasthan.
The company has already acquired 32 acres of land for the purpose at NH 8, 120 kms from Delhi. Almonds, Frozen & freeze dried berry fruits shall be imported from California, and shall be processed and value added for domestic Indian market and for exports to Gulf countries and South Asian countries.
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