Exim Bank's Line of Credit of USD 250 million to the Government of Nepal.

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..... Agreement dated October 21, 2011 with the Government of Nepal , making available to the latter, a Line of Credit (LOC) of USD 250 million (USD two hundred fifty million) for financing eligible machinery, equipments, goods and services including consultancy services for the purpose of infrastructure projects such as highways, airports, bridges, irrigation, roads, railways and hydropower projects .....

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..... Bank may consider reduction in the Indian content. 2. The Credit Agreement under the LOC is effective from June 29, 2012 and the date of execution of Agreement is October 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 project exports and 72 months (October 20, 2017) fro .....

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..... cular to the notice 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 (FEM .....

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