Exim Bank's Government of India supported Line of Credit of USD 318 million to the Government of Sri Lanka

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....318 million to the Government of Sri Lanka Export-Import Bank of India (Exim Bank) has entered into an Agreement on June 06, 2017 with the Government of Sri Lanka for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 318 million (USD Three hundred and eighteen million only) for the purpose of financing (i) Procurement of rolling Stock for Sri Lanka Rail....

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....l credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. 2. The Agreement under the LoC is effective from August 22, 2017. Under the LoC, the term....