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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Exim Bank Sets $448M Credit Line with Uzbekistan for Social Projects; 75% Sourcing from India Required.</h1> Exim Bank has established a USD 448 million Line of Credit (LoC) with the Government of Uzbekistan for social infrastructure and development projects, as per an agreement effective from September 12, 2022. The LoC mandates that at least 75% of the contract value must be sourced from India, with the remainder potentially sourced internationally. The terminal utilization period is 60 months from project completion. No agency commission is payable, but exporters may use personal resources for commission payments. Authorized Dealer banks are instructed to inform exporters and provide details available from Exim Bank's Mumbai office or website.
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