Exim Bank's GoI supported Line of Credit of USD 2 billion to the Government of the People’s Republic of Bangladesh

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sh Export-Import Bank of India (Exim Bank) has entered into an Agreement dated March 09, 2016 with the Government of the People's Republic of Bangladesh, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 2 billion (USD Two billion) for financing various social and infrastructure development projects such as Power, Railways, Road Transportation, Inform .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... jects involving civil construction, the eligible goods upto the contract price supplied by the seller from India may be further reduced from 75% to 65% and further reduction can be considered on a case to case basis, provided the sourcing is not from a third country. 2. The credit agreement under the LOC is effective from May 27, 2016 and the date of execution of agreement is March 09, 2016. Unde .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mission. 5. AD Category-I banks may bring the contents of this circular 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 section .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X