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of <h1>Exim Bank Opens $30M Credit Line to Honduras for Indian Exports in Communication, Medical, and Transport Sectors.</h1> Exim Bank has established a USD 30 million Line of Credit (LOC) with the Government of Honduras to finance exports of eligible goods and services, focusing on projects involving communication, medical, and transportation equipment. At least 85% of these goods and services must originate from India. The Credit Agreement became effective on August 21, 2007, with specific timelines for opening Letters of Credit. No agency commission is payable under this LOC, but exporters can use their resources for commission payments. Authorized banks are instructed to inform exporters and ensure compliance with the Foreign Exchange Management Act, 1999.
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