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of <h1>Exim Bank of India Offers $100M Credit Line to Nepal for Infrastructure Projects, Promoting Indian Exports.</h1> The Export-Import Bank of India has established a USD 100 million Line of Credit for the Government of Nepal to finance exports of eligible Indian goods and services for projects like road construction, rural electrification, power transmission, and hydropower. The agreement, effective from January 1, 2008, mandates a minimum percentage of Indian goods and services in contracts. The timeframe for opening Letters of Credit and disbursement varies between 48 to 72 months based on project type. No agency commission is payable under this credit line, and banks are advised to inform exporters about the terms and compliance requirements.
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