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of <h1>Exim Bank Sets $7.29M Credit Line with Guyana for 30,000 Solar Systems, 75% Sourcing from India Required.</h1> Export-Import Bank of India (Exim Bank) has established a USD 7.29 million Line of Credit (LoC) with the Government of Guyana to fund the procurement and installation of 30,000 Solar Home Lighting Systems in Hinterland Communities. The agreement, effective from February 14, 2022, mandates that at least 75% of the contract value be sourced from India, with the remaining 25% potentially sourced internationally. The LoC has a 60-month utilization period post-project completion. Export transactions under this LoC must comply with Reserve Bank guidelines, and no agency commission is payable for these exports.
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