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Export-Import Bank of India

The Export-Import Bank of India was established in 1982 by the Indian Parliament to finance, facilitate, and promote India's foreign trade. It is the principal financial institution for coordinating institutions involved in financing exports and imports. Exim Bank provides loans, lines of credit, buyer's credits, and supplier's credits to support India's exports and assists Indian companies with globalization through various financial products and services. It also offers financing for research and development activities, export marketing services, and value-added advisory support to Indian exporters.

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98 views1 page

Export-Import Bank of India

The Export-Import Bank of India was established in 1982 by the Indian Parliament to finance, facilitate, and promote India's foreign trade. It is the principal financial institution for coordinating institutions involved in financing exports and imports. Exim Bank provides loans, lines of credit, buyer's credits, and supplier's credits to support India's exports and assists Indian companies with globalization through various financial products and services. It also offers financing for research and development activities, export marketing services, and value-added advisory support to Indian exporters.

Uploaded by

sivapathasekaran
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© Attribution Non-Commercial (BY-NC)
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EXPORT-IMPORT BANK OF INDIA Export-Import Bank of India was set up in 1982 by an Act of Parliament for the purpose of financing,

facilitating and promoting Indias foreign trade. It is the principal financial institution in the country for coordinating the working of institutions engaged in financing exports and imports. Exim Bank is fully owned by the Government of India and the Banks authorized and paid up capital are ` 10,000 crore and ` 2,300 crore respectively. Exim Bank lays special emphasis on extension of Lines of Credit (LOCs) to overseas entities, national governments, regional financial institutions and commercial banks. Exim Bank also extends Buyers credit and Suppliers credit to finance and promote countrys exports. The Bank also provides financial assistance to export-oriented Indian companies by way of term loans in Indian rupees or foreign currencies for setting up new production facility, expansion/modernization or upgradation of existing facilities and for acquisition of production equipment or technology. Exim Bank helps Indian companies in their globalization efforts through a wide range of products and services offered at all stages of the business cycle, starting from import of technology and export product development to export production, export marketing, pre-shipment and post-shipment and overseas investment. The Bank has introduced a new lending programme to finance research and development activities of export-oriented companies. R&D finance by Exim Bank is in the form of term loan to the extent of 80 per cent of the R&D cost. In order to assist in the creation and enhancement of export capabilities and international competitiveness of Indian companies, the Bank has put in place an Export Marketing Services (EMS) Programme. Through EMS, the Bank proactively assists companies in identification of prospective business partners to facilitating placement of final orders. Under EMS, the Bank also assists in identification of opportunities for setting up plants or projects or for acquisition of companies overseas. The service is provided on a success fee basis. Exim Bank supplements its financing programmes with a wide range of value-added information, advisory and support services, which enable exporters to evaluate international risks, exploit export opportunities and improve competitiveness, thereby helping them in their globalisation efforts.d improve competitiveness, thereby helping them in their globalisation efforts. <:><:>

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