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of <h1>India Grants $2.5M Credit to Guyana for Solar Power Plant, Mandating 75% Sourcing from India.</h1> Export-Import Bank of India has provided a Government of India-supported Line of Credit of USD 2.50 million to the Government of the Co-operative Republic of Guyana for installing a Solar Photo Voltaic Power Plant at Cheddi Jagan International Airport. The agreement, effective from June 24, 2024, requires at least 75% of the contract's goods, works, and services to be sourced from India. The remaining 25% may be procured internationally. No agency commission is payable under this credit line, but exporters can use their resources for commission payments. Authorized banks must inform exporters of these terms and guide them to Exim Bank for details.
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