Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.22 million to the Government of the Republic of Guinea

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..... million to the Government of the Republic of Guinea Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 05, 2019 with the Government of the Republic of Guinea, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 20.22 million (USD Twenty Million, Two Hundred Twenty Thousand only) for the purpose of financing two Solar .....

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..... and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. 2. The Agreement under the LoC is effective from August 11, 2021. Under the LoC, the terminal utilization period is 60 months from the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as .....

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..... from their website www.eximbankindia.in 6. The directions contained in this circular have been issued under section 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 (R. S. Amar) Chief General Manager - Circular - Trade Notice - Publi .....

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