Loan Agreement, L3093-IN Conformed

CONFORMED COPY LOAN NUMBER 3093 IN (Electronics Industry Development Project) between INDIA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated July 7, 1989 LOAN NUMBER 3093 IN LOAN AGREEMENT AGREEMENT, dated July 7, 1989, between INDIA, acting by its President (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS: (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Bank to assist in the financing of the Project; (B) by an agreement of even date herewith (hereinafter called the ICICI Loan Agreement), the Bank has agreed to make a loan to the Industrial Credit and Investment Corporation of India Limited (ICICI) in an aggregate principal amount of $101,000,000 to assist ICICI in the financing of Part A of the Project on the terms and conditions therein set forth; (C) by an agreement of even date herewith (hereinafter called the IDBI Loan Agreement), the Bank has agreed to make a loan to the Industrial Development Bank of India (IDBI) in an aggregate principal amount of $101,000,000 to assist IDBI in the financing of Part B of the Project on the terms and conditions therein set forth; (D) the Borrower is expected to receive from the Government of the Swiss Confederation (Switzerland) a non-reimbursable con- tribution in an amount equivalent to twenty-four million Swiss Francs (SF24 million) (Swiss Contribution) to assist in financing of Part C of the Project on terms and conditions set forth in an agreement (the Swiss Contribution Agreement) to be entered into between the Borrower and Switzerland; (E) Switzerland intends to appoint the Bank to administer the Swiss Contribution in accordance with the provisions of the Swiss Contribution Agreement and procedural arrangements to be agreed between Switzerland and the Bank; and (F) the Borrower is expected to receive from the Government of Japan a grant (the Japanese Grant) in an amount of three hundred sixty-four million five hundred thousand Japanese Yen (