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of <h1>India's Exim Bank Sets $27 Million Credit for Senegal Irrigation, Deadline February 2012.</h1> The Export-Import Bank of India has established a Line of Credit (LOC) of USD 27 million with the Government of Senegal, effective from May 10, 2006. This credit is designated for financing the export of eligible equipment, goods, and services from India to Senegal for irrigation projects. The deadlines for opening Letters of Credit and credit disbursement are set at 48 months for project exports and 72 months for other contracts, ending February 7, 2012. Export shipments must comply with Reserve Bank instructions. No agency commission is payable, but exporters may use their resources for commission payments in foreign exchange.
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