Word: bhilai
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...Bulganin-Khrushchev visit, India got one of Russia's rare outright gifts: $1,500,000 worth of agricultural equipment for a state-operated mechanized farm. More important, capital-starved India has also received $270 million in Soviet credits, nearly half of it earmarked for the Russian-designed Bhilai steel plant, which is being built under the supervision of Soviet technicians. Though it is only one of four foreign-financed steel mills currently under construction in India-the others are being built by Britain, West Germany and the U.S.'s Henry Kaiser-the Russian plant...
...oilfields of Assam, Russian traders and technicians traipsed through India last week, offering cut-rate rubles, big-brotherly advice and back-scratching barter deals. Czech engineers mapped roads in the mountainous north. East German technicians scouted sites for India's first raw film factory. In central Bhilai, Russian specialists supervised construction of a steel mill for which Russian moneymen had advanced some $100 million at 2½%, about half the interest rate proposed by Western lenders...
...four-day visit threw Russia's much-advertised Indian trade drive into high gear. In the next three years Russia will not only build a 1,000,000-ton steel mill at Bhilai, Central India, but also supply India with a million tons of steel, almost a third of the country's imports under its second five-year plan. Together with shipments of cement, coal-mining and other machinery, this will build a $300 million to $500 million Russian credit in New Delhi...