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<h1>Exim Bank Grants $27.5M Line of Credit to Suriname for Transmission Network Upgrade, Boosting Indian Exports.</h1> Exim Bank, supported by the Government of India, has extended a USD 27.5 million Line of Credit to the Government of the Republic of Suriname for upgrading its transmission network infrastructure. The agreement, effective from October 23, 2018, stipulates that at least 75% of the goods and services must be sourced from India, with the remainder potentially procured externally. The terminal utilization period is 60 months post-project completion. Exporters can manage agency commissions using their resources, following Reserve Bank instructions. Authorized banks are advised to inform exporters of this arrangement and direct them to Exim Bank for details.