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of <h1>Exim Bank Signs $52M Credit Deal with Togo for 161 kV Power Transmission Line, Boosts Indian Exports.</h1> Export-Import Bank of India (Exim Bank) has signed an agreement with the Government of the Republic of Togo to provide a USD 52 million Line of Credit (LOC) for financing the establishment of a 161 kV power transmission line in Togo. The agreement, effective from September 16, 2014, mandates that at least 75% of the contract value must be sourced from Indian goods and services, with the remainder potentially sourced internationally. The LOC allows for the opening of Letters of Credit and disbursement within 48 to 72 months, depending on the contract type. No agency commission is payable, but exporters may use their resources for commission payments.
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