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of <h1>Exim Bank of India Grants $10M Credit to Gambia for National Assembly Building with 85% Indian Sourcing Requirement.</h1> Exim Bank of India has extended a USD 10 million Line of Credit (LOC) to the Government of the Republic of Gambia for financing the export of goods from India to construct a National Assembly Building Complex. Under this agreement, at least 85% of the contract's value must be sourced from India, with the remaining 15% potentially sourced internationally. The LOC is effective from February 2, 2009, with specific timelines for credit and disbursement. No agency commission is payable, but exporters may use their resources for commission payments. Authorized banks are advised to inform exporters about the LOC details.
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