Conformed Copy - C2064 - Industrial Technology Development Project - Amendment

Page 1 April 23, 1993 Mr. K. Radhakrishnan Controller of Aid Accounts and Audit Department of Economic Affairs Ministry of Finance 5th Floor, 'B' Wing Indian Oil Bhawan, Janpath New Delhi 110 001, India Re: IBRD Loan 3119-IN/IDA Credit 2064-IN Industrial Technology Development Project Amendment to our Disbursement Letter dated August 15, 1990 Dear Mr. Radhakrishnan: We refer to our disbursement letter dated August 15, 1990 on the above project. In Annex 1, para (3) of the above mentioned letter we had stipulated that you submit requests for reimbursement under SOE for expenditures on assistance to technology service institutions under subloans valued less than US$4,000,000 equivalent. From now onward please submit requests for reimbursement under SOE, for expenditures on assistance to technology service institutions, valued less than US$500,000 equivalent per contract, instead of US$4,000,000 equivalent per subloan. We have made the above amendment at the request of ICICI. Very truly yours, Cecil M. Perera Asia Disbursements Division Loan Department cc: The Industrial Credit and Investment Corporation of India Limited Scindia House 4th Floor Ballard Estate Bombay 400038, India