Exim Bank's Line of Credit (LOC) of USD 60 million to Myanmar Foreign Trade Bank, Myanmar

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..... India (Exim Bank) has concluded an agreement dated October 29, 2007 with Myanma Foreign Trade Bank, Myanmar, making available to the latter, a Line of Credit (LOC) of USD 60 million (USD Sixty million only) for financing export of goods and services for financing the Thahtay Chaung Hydropower Project in Myanmar to be executed by M/s. Bharat Heavy Electricals Limited. The goods and services for ex .....

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..... Forms as per instructions issued by Reserve Bank from time to time. 4. No agency commission is payable under the above line of credit. However, if required the exporter may use his own resources or utilize balances of his EEFC account for payment of agency commission in free foreign exchange. Authorised Dealer Category -I (AD Category - I ) banks may allow such remittance after realisation of f .....

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