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of <h1>Exim Bank Offers $13.095M Credit Line to Togo for Rice, Maize, Sorghum; 75% Sourcing from India Required.</h1> Exim Bank has established a Line of Credit (LOC) of USD 13.095 million with the Government of the Republic of Togo for the farming and cultivation of rice, maize, and sorghum. The agreement, effective from April 27, 2012, mandates that at least 75% of the goods and services, including consultancy, must be sourced from India, while the remaining 25% can be procured internationally. The LOC is valid for 72 months from the execution date for supply contracts. Exporters must declare shipments under the LOC on GR/SDF Forms, and no agency commission is payable under this LOC.
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