Export-Import (Exim) Bank of India will soon ink a $100 million Line of Credit with Russia-based bank for development and foreign economic affairs, to facilitate export of capital goods from India.

"The $100 million LoC with Russia-based Vnesheconombank will help to promote export capital goods from India. The deal will get materialised within 10-15 days," Exim Bank's, executive director, Prabhakar Dalal, told PTI here.

Exim Bank is also in talks with a host of other countries to extend similar finance assistance and atleast three to four deals are expected to be signed over the next two months, Dalal said.

"We are in talks with a few other countries and may sign three to four deals over the next two months," he said, without detaling further.

Presently, Exim Bank has 123 Lines of Credit (LoC) in 95 countries in Africa, Asia, Latin America, Europe and the CIS, with credit commitments worth over $4.07-billion.

These LoCs are aimed at facilitating exports in different sectors from India. Last month, Exim Bank had extended $100 million LoC for Syria to fund a thermal power project and another 15 million for Benin to purchase Railways and agriculture equipment, Dalal said.

The lender has also extended $10 million of credit to Senegal under the Team-9 initiative, which envisages a special coopreation model between India and eight countries of West Africa.