Exim Bank's Line of Credit of USD 25 million to the Government of the Republic of Madagascar

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..... rt Bank of India (Exim Bank) has concluded an Agreement dated November 14, 2008 with the Government ofthe Republic of Madagascar making available to the latter, a Line of Credit (LOC) of USD 25 million (USD twenty five million) for financing eligible goods and services including consultancy services from India for two projects viz:- (i) project for rice productivity ($ 10 million), and (ii) projec .....

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..... reement is November 14, 2008. Under the LOC, the last date for opening of Letters of Credit and disbursement will be 48 months from the scheduled completion date(s) of contract(s) in case of project exports and 72 months (November 13, 2014) from the execution date of the Credit Agreement in case of supply contracts. <!--exim bank line of credit --> 3. Shipments under the LOC will have to be .....

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..... x, Cuffe Parade, Mumbai 400 005 or log on to www. eximbankindia.in. 6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (D. Mishra) Chief General Manager - Circular - .....

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