Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanma Foreign Trade Bank

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Bank of India (Exim Bank) has entered into an Agreement dated May 22, 2015 with the Myanma Foreign Trade Bank, Republic of Union of Myanmar, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 6.20 million (USD Six Million and Two Hundred Thousand) for financing the implementation of a microwave radio link on the Rhi-Mindat route to be carried out by Te .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... effective from July 27, 2015 and the date of execution of agreement is May 22, 2015. The last date for opening of letters of credit and disbursement will be 48 months from the scheduled completion date of contract in the case of project exports and March 21, 2021 (72 months from the execution date of the credit agreement) in the case of other supply contracts. 3. Shipments under the LOC will h .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (A.K. Pandey) Chief Genera .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X