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of <h1>Exim Bank Offers $35.20M Credit to Cambodia for Infrastructure Projects; 85% Goods Must Be Indian Sourced.</h1> Exim Bank has established a Line of Credit (LOC) of USD 35.20 million with the Government of the Kingdom of Cambodia, effective from January 17, 2008. This LOC finances the Stung Tasal Development Project, the purchase of water pumps, and the construction of an electric transmission line between Kratie and Stung Treng Province. At least 85% of the goods and services under this agreement must be sourced from India. The LOC has specific timelines for the opening of Letters of Credit and disbursement. No agency commission is payable, but exporters may use their resources for commission payments. Compliance with FEMA and other legal requirements is mandatory.
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