Export-Import Bank Of India

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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

Last Updated on May 26, 2015