The Role of Export-Import Bank of India in Promoting International Trade
The Export-Import Bank of India, known as EXIM Bank, is a specialized financial institution wholly owned by the Government of India. It was established in 1981 to provide financial assistance to exporters and importers, promote international trade and investment, and offer various financing programs. With a focus on guiding expertise, the bank plays a crucial role in coordinating export and import activities and supporting industries and SMEs. Its services include corporate banking, lines of credit, overseas project exports, investment finance, and programs for research and development, export-oriented units, and import finance. Additionally, the bank facilitates overseas buyers to import goods and services from India on deferred payment terms.
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presented by Dr.Anubha Gupta Faculty , S.S. in Commerce Vikram University Useful for BBA(H)/B.COM(H)/M.COM and allied subject
The Export-Import Bank of India Act was passed in September 1981 The Bank commenced its operations in March 1982 It is also known as EXIM Bank. a specialized financial institution wholly owned by the Government of India with presence in Indian and foreign cities around the world. Current Chief Executives -Shri. David Rasquinha Head office : MUMBAI
import of technology export product development export marketing pre-shipment post-shipment overseas investment promotion of international trade and investment.
The Bank has been guided by expertise at the Board level, by senior policy makers, expert bankers, leading players in industry and international trade as well as professionals in exports, imports or financing. With offices spread across India and in select locations of the world, the bank aspires to boost the businesses of industries and SMEs.
providing financial assistance to exporters and importers functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country's international trade. act on business principles with due regard to public interest.
Buyers Credit Corporate Banking Lines of credit Overseas Project Exports Investment Finance
Finance for corporate: Research & Development Finance For Export Oriented Units Pre-Shipment/Post-Shipment Credit Lending Programme for Export Oriented Units Import Finance Programme Production Equipment Finance Programme
Through this programme, the overseas buyer can open a "letter of credit" in favour of the Indian exporter and can import goods and services from India on deferred payment terms.
Bank have been extending Lines of Credit (LOC) to enable Indian exporters to enter new geographies or expand their business in existing export markets without any payment risk from overseas importers.
Term loans to Indian companies Term loans to overseas JV/WOS of Indian Companies towards part financing
B Bank have been providing a steady stream of support to project activities in engineering, procurement, construction (civil, mechanical, electrical or instrumental). This includes the provision of specific equipment related to supplies, construction and building materials, consultancy, technical know-how, technology transfer, design, engineering (basic or detailed).
Marketing Advisory Services Research & Analysis Export Advisory Service
ROLE of Marketing Advisory Services: To help Indian exporting firms in their globalisation efforts by proactively assisting in locating overseas distributors/buyers/partners for their products/services To identify opportunities overseas for setting up plants or projects or for acquisition of overseas companies
Bank's Research & Analysis Group (RAG) is a team of experienced economists and strategists who steer the group with in-depth insights on international economics, trade and investment through qualitative and quantitative research techniques.
The Export Advisory Services Group [EAS] offers a diverse range of information, advisory and support services, which enable exporters to evaluate international risks, exploit export opportunities and improve competitiveness. Value added information and support services are provided to Indian projects exporters on the projects funded by multilateral agencies.
