Lines of Credit

Entering and conquering new vistas of growth

From our inception we have been extending Lines of Credit (LOC) to enable Indian exporters to enter new geographies or expand their business in existing export markets without any payment risk from overseas importers. We put special emphasis on extending LOC as an effective market entry tool as well as a means of market diversification for Indian exporters.

We extend LOCs to overseas financial institutions, regional development banks, sovereign governments and other entities overseas, to enable buyers in those countries to import developmental and infrastructure projects, equipments, goods and services from India, on deferred credit terms. We extend LOCs on our own and also at the behest and with the support of Government of India.

Government Of India Supported LOCs

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In 2003-04, The Government of India (GOI) formulated the Indian Development Initiative (IDI), now known as Indian Development and Economic Assistance Scheme (IDEAS) with the objective of sharing India's development experience through:

  1. capacity building and skills transfer,
  2. trade, and
  3. infrastructure development,

by extending concessional LOCs routed through Exim Bank, to developing partner countries, towards creating socio-economic benefits in the partner country.

The Ministry of External Affairs (MEA) has now set up the Development Partnership Administration (DPA) Division to deal with India's development assistance programmes abroad, including LOCs routed through Exim Bank. These LOCs are increasingly being extended to partner countries for large-scale and complex projects (project exports from India).

Both, bilateral and multilateral assistance, typically follow a sequence of standard procedures:

  1. project identification and preparation,
  2. review and approval of the project proposal,
  3. offer of the loan, acceptance and execution of loan agreement,
  4. project implementation, monitoring and supervision, and
  5. socio-economic impact assessment after project completion

Lessons learned from the impact assessment / evaluation act as a feedback to the preparation, review and implementation of future projects. This process forms the 'project cycle'.

Project Lifecycle

Requirement as to import of goods and services from India

  • These loans are for project exports and the import of goods and services from India.

  • Goods and services (including consultancy services) for minimum 75% value of the contracts covered under these loans must be sourced from India. (A relaxation of 10% may be considered on a case-to-case basis)

  • LOCs may finance upto 100% value of contract on FOB/CFR/CIF/CIP basis.

  • Soft loans under the scheme shall be free from all kinds of taxes and duties of any nature whatsoever levied in the recipient country (including all corporate/personal/value added taxes, import/custom duties, special levies and social security contributions) for temporary employees deputed by Indian exporters in relation to the project execution in the recipient countries.

GOI Guidelines on LOCs

GOI Guidelines on LOCs- French

LOC Brochure - English

LOC Brochure - French

Handbook on Lines of Credit

Handbook on Lines of Credit- French

Dos & Don’ts for Procurement under GOI-supported LOCs

Dos & Don’ts for Procurement under GOI-supported LOCs- French

Project Preparation Facility for Government of India Lines of Credit

Project Preparation Facility - French

Exim Bank's own commercial Lines of Credit

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To promote Indian projects, products and services we have been extending LOCs to various countries. Our own LOCs are offered to economically strong and developing countries. We finance all items eligible for being exported under the "Foreign Trade Policy" of the Indian Government. Our LOCs are typically linked to LIBOR rates and carry a tenor up to seven years.


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Requirements for import of goods and services in India

  • Goods and services for minimum 75% value of the contracts covered under these LOCs must be sourced from India.

  • Advance Payment of at least 10% of the value of the contract to be borne by the LOC recipient/foreign buyer.

  • LOCs may finance upto 90% value of contract on FOB/CFR/CIF/CIP basis.

  • Pre-shipment inspection of equipment/goods is mandatory.

EXIM
Advantage

  • Increase export of goods, services and projects from India

  • Improving bilateral trade relations with other developing nations

  • Eliminating payment risk for importers

  • Streamlined processing and quick turnaround

Downloads

Exim Bank's Operative Lines Of Credit as on June 10, 2019

  • Exim Bank's Operative Lines Of Credit

    10 June 2019 | XLS

Exim Bank's Pipeline Lines of Credit as on June 10, 2019.

  • Exim Bank's Pipeline Lines of Credit

    10 June 2019 | DOC

Invitation to Tenders / Pre-Qualification

  • Bangladesh Addendum 01(16/07/2019): Application Document for Pre-qualification of Engineering, Procurement and Construction (EPC) Contractor for construction of Rooppur-Baghabari 230kV D/C 60km Transmission Line in Bangladesh

    17-Jul-2019 | PDF

  • Application Document for Prequalification of Construction Contractors for reconstruction of two buildings in Nepal

    15-Jul-2019 | PDF

  • Guinea: Prequalification of EPC Contractor for Rehabilitation and Extension of Electricity to the Four Regional Capitals (NZérékoré, Kankan, Faranah and Labe)

    05-Jul-2019 | PDF

  • Papua New Guinea: Prequalification of Indian Consultant for preparation of Detailed Project Report (DPR) for construction of roads in Papua New Guinea from ‘Kimbe’ to ‘Hoskins’ (located in West New Britain province) and from ‘Madang’ to ‘Baiyer’ (connecting the Western Highlands province to the Madang Province)”

    05-Jul-2019 | PDF

  • Mongolia _ Addendum No. 1_05/07/2019 Application Document for Prequalification of Engineering, Procurement and Construction (EPC) Contractor for Construction of building and related works for the Atal Bihari Vajpayee Centre for Excellence in Information Technology, Communication and Outsourcing in Mongolia.

    05-Jul-2019 | PDF

  • Maldives: Prequalification of Consultants for Preparation of Detailed Project Report (DPR) and Project Management Consultant (PMC) services for Water Supply and Sewerage system project in 34 Islands in Maldives

    01-Jul-2019 | PDF

  • Bangladesh: Pre-qualification of Engineering Procurement and Construction (EPC) Contractors for construction of Rooppur-Baghabari 230kV D/C 60km Transmission Line in Bangladesh

    28-Jun-2019 | PDF

  • Invitation Letter seeking bids regarding tender for the supply, delivery, installation and commissioning of various medical equipment to government of the Republic of Zambia

    28-Jun-2019 | PDF

  • Bangladesh: Corrigendum no. 1 to Expression of Interest (EOI) for the selection of Consulting firms for the Carriage Construction Workshop at Saidpur Project in Bangladesh

    24-Jun-2019 | PDF

  • Maldives: Notice for withdrawal of Application document for Prequalification of Consultants for Preparation of Detailed Project Report (DPR) for Water Supply and Sewerage system project in 34 Islands in Maldives

    19-Jun-2019 | PDF

  • Bangladesh: Expression of Interest (EOI) for the selection of Consulting firms for the Carriage Construction Workshop at Saidpur Project in Bangladesh

    18-Jun-2019 | PDF

  • Request For Proposal For Selection Of Indian Consultant For Appraisal And Assessment Of Existing Project Reports For Establishment Of Indian Economic Zones In Mongla And Mirsarai In Bangladesh

    14-Jun-2019 | PDF

  • Cuba – Addendum No 1 for Pre-qualification of Project Management Consultants [PMC] for Erection and Commissioning of a Co-generation Power Plant of 50 MW capacity at “30 DE November” Sugar Mill located in Artemisa Province in Cuba

    10-Jun-2019 | PDF

  • Mongolia: Pre-qualification of Engineering Procurement and Construction (EPC) Contractors for Construction of Building and related works for Atal Bihari Vajpayee Centre of Excellence in Information Technology, Communication and Outsourcing in Mongolia

    10-Jun-2019 | PDF

  • Sierra Leone_Prequalification of Project Management Consultants [PMC] for 225 kV (Double circuit), 66 kV (Multi circuit/Double circuit), 33 kV (Single circuit) Transmission Lines and Associated Substations in Sierra Leone

    10-Jun-2019 | PDF

  • Bangladesh: Request for Proposal for selection of Indian Consultant for appraisal and assessment of existing Project Reports for Establishment of Indian Economic Zones In Mongla and Mirsarai In Bangladesh

    23-May-2019 | PDF

  • Bangladesh: Invitation for Tender for “Procurement of Rig Machine- GD-12 and Hydraulic Beam Lifter (Ladder)- GD-20 for Roads and Highways Department” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    16-May-2019 | PDF

  • Cuba – Application Document for Pre-qualification of Project Management Consultants [PMC] for Erection and Commissioning of a Co-generation Power Plant of 50 MW capacity at “30 DE November” Sugar Mill located in Artemisa Province in Cuba

    14-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Construction Contractors (CC).

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of EPC contactors

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Lender Independent Engineer (LIE)

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Project Management Consultants (PMC)

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Detailed Project Report (DPR)

    07-May-2019 | PDF

  • EOI for continuous empanelment of DPR - April 2019

    15-Apr-2019 | PDF

  • Checklist for Empanelment

    25-Mar-2019 | PDF

Government of India - Lines of Credit Statistics

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List of Empaneled Companies - EPC/CC

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APPLICATION DOCUMENTS FOR EMPANELMENT OF CONSULTANTS, EPC AND CONSTRUCTION CONTRACTORS

  • Checklist for Empanelment

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Detailed Project Report (DPR)

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Project Management Consultants (PMC)

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Lender Independent Engineer (LIE)

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of EPC contactors

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Construction Contractors (CC)

    PDF

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