Exim Bank's Line of Credit of USD 150 million to the Ecowas Bank for Investment and Development (EBID).

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..... ID) Export-Import Bank of India (Exim Bank) has concluded an Agreement dated July 21, 2011 with the Ecowas Bank for Investment and Development (EBID) , making available to the latter, a Line of Credit (LOC) of USD 150 million (USD one hundred and fifty million) for financing eligible goods, services and equipments including project exports and consultancy services, to be exported from India t .....

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..... ncy services) may be procured by the seller for the purpose of Eligible Contract from outside India. 2. The Credit Agreement under the LOC is effective from March 12, 2012 and the date of execution of Agreement is July 21, 2011. 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 the case of proj .....

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..... of their exporter constituents and advise them to obtain full details of the Line of Credit from the Exim Bank s office at Centre One, Floor 21, World Trade Centre Complex, 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 .....

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