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

Exim Bank s GoI supported Line of Credit of USD 2 billion to the Government of the People’s Republic of Bangladesh - FEMA - 76 - Dated:- 16-6-2016 - RBI/2015-16/425 A.P. (DIR Series) Circular No. 76 June 16, 2016 To All Category - I Authorised Dealer .....

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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, Rail .....

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nt are those which are 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 under this agreement, the .....

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for the purpose of the eligible contract from outside India. Further in case of projects 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 red .....

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minal utilization period is 48 months from scheduled completion date of contract in case of project export and 72 months from execution of the Credit Agreement in case of other supply contracts. 3. Shipments under the LOC will have to be declared on .....

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