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of <h1>Exim Bank Offers USD 35 Million Credit Line to Ghana for Sugar Plant; 75% Sourcing Mandate from India.</h1> The Export-Import Bank of India (Exim Bank) has established a Line of Credit (LOC) of USD 35 million with the Government of the Republic of Ghana to finance a sugar plant project. This agreement, effective from June 27, 2013, mandates that 75% of the goods and services financed must be sourced from India, with the remaining 25% potentially sourced externally. The LOC allows for the opening of Letters of Credit and disbursement up to 72 months from the agreement date. No agency commission is payable under this LOC, and Authorized Dealer banks are to inform exporters of the LOC details.
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