India: Exim Bank Extends LoC to Madagascar

Export-Import Bank of India has extended a line of credit (LoC) of $ 25 million to the Republic of Madagascar for buying goods and services from India for two projects including rice productivity and fertilizer production.

The goods and services, including consultancy services from India, for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Indian government and whose purchase may be agreed to be financed by the Exim Bank under this agreement.