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<h1>Exim Bank of India Grants $91 Million Credit to Ethiopia for Sugar Industry Development, Prioritizing Indian Goods and Services.</h1> Exim Bank of India has established a USD 91 million Line of Credit (LOC) with the Government of Ethiopia to support the development of its sugar industry. The agreement, effective from May 24, 2011, mandates that at least 75% of the goods and services, including consultancy, be sourced from India, with the remaining 25% potentially sourced internationally. The LOC covers a period of up to 72 months for supply contracts. No agency commission is payable under this LOC, although exporters may use their own resources for commission payments. Authorized banks are instructed to inform exporters about the LOC details.