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of <h1>Exim Bank of India Offers $24.5M Credit to Senegal for Healthcare Upgrade; 65% Sourcing Requirement from India.</h1> Exim Bank of India has established a USD 24.5 million Line of Credit with the Government of Senegal to finance the upgrading and rehabilitation of its healthcare system. The agreement mandates that at least 65% of the goods and services must be sourced from India, with the remaining 35% potentially sourced internationally. Equipment should be purchased from Indian manufacturers, including a warranty and maintenance contract. The agreement is effective from June 26, 2019, with a 60-month utilization period post-contract completion. No agency commission is payable, and authorized banks are instructed to inform exporters of the LoC details.
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