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of <h1>India's Exim Bank Launches $5M Credit Line to Boost Exports to Eastern and Southern Africa by March 2007.</h1> The Export-Import Bank of India has established a USD 5 million Line of Credit with the Eastern and Southern African Trade and Development Bank, effective April 1, 2005. This short-term credit, valid for up to 180 days, aims to finance the export of raw materials, commodities, and other goods and services from India to 16 member countries of the bank in Eastern and Southern Africa. Letters of credit must be opened by September 30, 2006, with disbursements completed by March 31, 2007. Exporters are advised to follow specific declaration procedures and may need to self-fund any agency commissions.
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