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of <h1>Exim Bank of India Sets $15M Line of Credit for Togo's Rural Electrification; 75% Goods Must Be Indian Sourced.</h1> Exim Bank of India has established a USD 15 million Line of Credit (LOC) with the Government of Togo to support the Rural Electrification Project. The agreement, effective from March 30, 2012, mandates that at least 75% of goods and services must be sourced from India, while the remainder can be procured internationally. The LOC facilitates exports of eligible goods and services under India's Foreign Trade Policy. No agency commission is payable under this LOC, but exporters may use their resources for commission payments. Authorized banks are instructed to inform exporters and ensure compliance with relevant regulations.
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