Exim Bank's GoI supported Line of Credit of USD 2 billion to the Government of the People’s Republic of Bangladesh

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....o the Government of the People's Republic of Bangladesh Export-Import Bank of India (Exim Bank) has entered into an Agreement dated March 09, 2016 with the Government of the People's Republic of Bangladesh, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 2 billion (USD Two billion) for financing various social and infrastructure development projec....

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....ble contract from outside India. Further in case of projects involving civil construction, the eligible goods upto the contract price supplied by the seller from India may be further reduced from 75% to 65% and further reduction can be considered on a case to case basis, provided the sourcing is not from a third country. 2. The credit agreement under the LOC is effective from May 27, 2016 and t....