Rwanda sought GOI-supported EXIM Bank Line of Credit for construction of a 27.5 MW hydroelectric project on the Nyabarongo River to be executed by BHEL and Angelique International. A credit of US$ 80 million was approved and effectively been disbursed. The project is on schedule and is likely to be completed by the end of 2012. The main items of Indian exports to Rwanda are pharmaceuticals, vehicles, plastics and machinery. Bilateral trade between the two countries stood at 210 million dollars and have seen a growth of over 350% in the time period between 2005 and 2009. The Rwandan High Commissioner to India in an event organised by the Indian Council for World Affairs in July 2012 stated that in the year 2011 alone projects by Indian entrepreneurs worth over $US 200 million were registered in Rwanda. He further stated that other projects by Indian entrepreneurs valued at over US$1.0 billion are in the pipeline.