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of <h1>Exim Bank Offers $5.763M Credit Line to Suriname for Helicopter Purchase; 85% Must Be Sourced from India.</h1> The Export-Import Bank of India (Exim Bank) has established a Line of Credit (LOC) of USD 5.763 million with the Government of Suriname, effective from July 28, 2010, for purchasing helicopters from Hindustan Aeronautics Limited. At least 85% of the contract value must be sourced from India, with the remaining 15% potentially sourced internationally. The LOC allows for Letters of Credit and Disbursement up to 72 months from the agreement date. No agency commission is payable, but exporters can use their resources for commission payments. Authorized banks are instructed to inform exporters and comply with FEMA regulations.
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