Exim Bank's Government of India supported Line of Credit of USD 4.50 billion to the Government of the People’s Republic of Bangladesh

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..... e People's Republic of Bangladesh Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 04, 2017 with the Government of the People's Republic of Bangladesh (the borrower) for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 4.50 billion (USD Four Billion and Five Hundred Million only) for financing various social and infrast .....

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..... act from outside India; Provided that in case of projects involving civil construction, the eligible goods upto the contract price to be supplied by the seller from Indian may be further reduced from 75 percent to 65 percent and further reduction can be considered on a case to case basis by EXIM Bank, provided the sourcing is not from a third country. 2. The Agreement under the LoC is effective f .....

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..... ts of this circular to the notice of their exporter constituents and advise them to obtain full 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) of the Foreign Exchange Management Act .....

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