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The Export-Import Bank of India (Exim Bank) was established in 1982 by the Indian government to finance and promote foreign trade. It provides export financing, overseas investment financing, and financing for small and medium enterprises. Exim Bank plays a major role in partnering with Indian companies and encouraging project exports. It aims to augment India's exports and combine foreign trade with economic growth.

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Export

The Export-Import Bank of India (Exim Bank) was established in 1982 by the Indian government to finance and promote foreign trade. It provides export financing, overseas investment financing, and financing for small and medium enterprises. Exim Bank plays a major role in partnering with Indian companies and encouraging project exports. It aims to augment India's exports and combine foreign trade with economic growth.

Uploaded by

Boby Smile
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Export-Import Bank Of India

About Export-Import Bank of India The Export-Import Bank of India, also known as
Exim Bank of India, is the leading export finance institution in the country. The bank was
set up in the year 1982 under the Export-Import Bank of India Act 1981. The
Government of India launched the Export-Import Bank Of India with an aim to augment
exports from India and also to combine the country's foreign trade and investment with
the overall economic growth. The bank began its operations as a supplier of export credit,
but has over the period evolved into an institution that plays a major role in partnering
Indian Industries including small and medium enterprises.

Export-Import Bank Of India Initiatives

Export-Import Bank of India has been one of the prime institutions that encourages
project exports from India. The bank offers wide-ranging services for enhancing the
prospect of Indian project exports. Exim Bank's Overseas Investment Finance program
gives a variety of facilities for Indian reserves and acquirements overseas. The facilities
consist of direct equity participation by the bank in the overseas venture and non-funded
activities by the overseas venture and loan to the Indian companies for equity
participation in the venture abroad. As part of Exim Bank's marketing Finance Program,
the bank offers support to small and medium enterprises in their export marketing efforts
consisting of financing the soft expenditure linking to completion of tactical and
systematic export market development plans.

Export-Import Bank Of India Objective

The primary objective of the Export-Import Bank of India is to provide financial


assistance to importers and exporters and function as the top financial institution. Some
of the services of the bank include: overseas investment finance, film finance, export
credit, finance for export oriented units and agricultural & SME finance. In the period of
2005- 2006 the total amount of loan given out by the bank amounted to 150,389 million,
while this figure shot up to ` 220,760 million in the flowing year.

Export-Import Bank Of India and Foreign Trade

Export-Import Bank of India plays the role of source of finance, promoter, coordinator
and consultation to India's Foreign Trade. The bank is the coordinator of the Working
Group Mechanism for the clearance of projects, service exports and deferred payment
exports. This group comprises of Exim Bank and Government of India representatives
from the Ministries of Finance, Commerce and external Affairs, Export Credit Guarantee
Corporation of India Ltd, commercial banks that are certified foreign exchange dealers
and the Reserve Bank of India. This working group gives clearance to contracts
sponsored by Exim Bank or commercial banks and operates as a single window
mechanism for clearance of export proposal terms.
Export-Import Bank Of India Address

Centre One Building, Floor 21 World Trade Centre Complex


Cuffe Parade
City: Mumbai
Pin: 400 005
State: Maharashtra
Phone No.: +91-22-22185272
Fax: +91-22-22182572

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