US lawmaker welcomes Exim decision on Reliance project

Lalit K Jha
Washington, July 16 (PTI) A US lawmaker has welcomed the
decision of the Export-Import Bank of the United States to
provisionally approve financing of a Reliance power project in
central Indian state Madhya Pradesh, stating that this would
help save and create jobs in America.
"We know that there is no better equipment than what
we can make here -- that's why our workers got the job. And
that's why I have been working with the Export-Import Bank
since January to help Bucyrus do this work," said
Congresswoman Gwen Moore from Wisconsin.
A day earlier, the Exim Bank had reversed its
previous decision and voted to provide loan guarantees that
would save jobs in Milwaukee and allow Bucyrus to manufacture
equipment for a coal plant in India.
"This new vote is hope for many families, who have been
struggling through this recession. I am so glad that the
Export-Import Bank reconsidered this decision," Moore said.
PTI