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of <h1>Exim Bank's $25M Credit to Sudan for Sugar Project: 85% of Goods Must Be Sourced from India.</h1> The Export-Import Bank of India (Exim Bank) has established a Line of Credit (LOC) of USD 25 million with the Government of Sudan to finance goods and services, including consultancy, from India for the Elduem Sugar Project in White Nile State, Sudan. At least 85% of the contract value must be sourced from India, with the remainder potentially sourced internationally. The agreement, effective from July 6, 2009, allows for Letters of Credit and disbursements within 48 to 72 months, depending on the contract type. No agency commission is payable, but exporters may use personal resources for commission payments.
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