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Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe - FEMA - 02

Extract

..... USD Three Hundred and Ten million only) for the purpose of financing repowering of Hwange Thermal Power Station in the Republic of Zimbabwe. Under the arrangement, financing of export of eligible goods and services from India, as defined under the agreement, would be allowed subject to their being eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank .....

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Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe - FEMA

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..... ubject to compliance with the extant instructions for payment of agency commission. 5. AD Category - I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain complete details of the LoC from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or from their website www.eximbankindia.in 6. The directions contained in this circular have been issued under section 10(4) and 11(1) o .....

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Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe - FEMA

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