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of <h1>Exim Bank of India Provides $17.5M Credit to Upgrade Guyana Hospitals; 75% Goods Must Be Sourced from India.</h1> Exim Bank of India has established a USD 17.50 million Line of Credit with the Government of Guyana to upgrade three hospitals. This agreement, effective from June 12, 2018, mandates that 75% of goods and services under the contract must be sourced from India, while the remaining 25% can be procured internationally. Shipments must comply with Reserve Bank guidelines, and no agency commission is payable under this credit line. Authorized Dealer banks are instructed to inform exporters about this credit line and advise them to seek further details from Exim Bank. The circular is issued under the Foreign Exchange Management Act, 1999.
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