In 2014, EDC joined the loan party and announced it would be giving US$500 million to Reliance Industries, the largest private company in India, a move criticized by Maclean's. EDC in 2016 provided $1.2 billion in Canadian dollars in financing, and in 2017, was looking to provide loans worth CAD$1.3 billion to businesses in India. EDC had previously financed Tata Steel, Tata Communications, and Ultratech Cement, and over the past five years had done business worth $10 billion. In 2017, it lent $215 million to Idea Cellular in India.