Ashok Leyland supply 200 trucks to Bangladesh

Tags: Economics/Business

• Chennai based , Indian multinational  automobile manufacturer Ashok Leyland  will supply 200 trucks to Bangladesh.
• The supply of trucks is part of the $2 billion tied loan provided by the Government of India to Bangladesh.

Tied Loan

• A loan given by a  country(lender) to another country(borrower) on the conditions  that the loaned money will be used by the borrower  to  buy goods and services from the lending country . 
• It helps the lending country as it creates demands for its goods , creates employment, boosts exports and also gets back the loan amount with some interest.