Sun, Feb 23, 2025 | Updated 12:18 IST
Aug 14, 2023
This is India’s first-ever LCS and is expected to reduce transaction costs and time and increase reliance on local currencies. This will further add to the preferential terms accruing from CEPA. Traders can choose the payment currency based on mutual agreement.
The bidding process was not fair as Chinese technology firm ‘Huawei International Singapore’ was the only firm that participated in the bidding.
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