Submitted by: Submitted by MAHESHBORHADE
Views: 495
Words: 841
Pages: 4
Category: Business and Industry
Date Submitted: 08/17/2011 08:00 AM
INTRODUCTION
Export-Import Bank of India is the premier export finance institution of the country, set up in
1982 under the Export-Import Bank of India Act 1981. Government of India launched the
institution with a mandate, not just to enhance exports from India, but to integrate the country’s
foreign trade and investment with the overall economic growth. Since its inception, Exim Bank
of India has been both a catalyst and a key player in the promotion of cross border trade and
investment. Commencing operations as a purveyor of export credit, like other Export Credit
Agencies in the world, Exim Bank of India has, over the period, evolved into an institution that
plays a major role in partnering Indian industries, particularly the Small and Medium
Enterprises, 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.
Exim Bank of India has been the prime mover in encouraging project exports from India.
The Bank provides Indian project exporters with a comprehensive range of services to
enhance the prospect of their securing export contracts, particularly those funded by
Multilateral Funding Agencies like the World Bank, Asian Development Bank, African
Development Bank and European Bank for Reconstruction and Development.
The Bank extends lines of credit to overseas financial institutions, foreign governments
and their agencies, enabling them to finance imports of goods and services from India on
deferred credit terms. Exim Bank’s lines of Credit obviate credit risks for Indian
exporters and are of particular relevance to SME exporters.
The Bank’s Overseas Investment Finance programmed offers a variety of facilities for
Indian investments and acquisitions overseas. The facilities include loan to Indian
companies for...