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of <h1>Exim Bank of India Opens $100M Credit Line to Mauritius for Defense Procurement, 75% Sourcing Mandate from India.</h1> Exim Bank of India has established a USD 100 million Line of Credit (LoC) with the Government of Mauritius to fund the procurement of defense items from India. The agreement, effective from July 22, 2021, mandates that at least 75% of the contract value must be sourced from India, with the remaining 25% potentially sourced internationally. The LoC has a 60-month utilization period post-project completion. Export shipments must comply with Reserve Bank guidelines, and no agency commission is payable under this LoC. Authorized banks are instructed to inform exporters about the LoC details available from Exim Bank.
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