Export-import Bank Of India (exim Bank)
Homepage https://www.eximbankindia.in
LinkedIn Profile https://linkedin.com/company/expo***-bank-of***
HQ Location
India , Delhi, New DelhiGround Floor Statesman, 148, New Barakhamba Rd · In Statesman House
Export-Import Bank of India (Exim Bank) was set up in 1982 by an Act of Parliament for financing, facilitating and promoting India’s foreign trade.
The Bank provides financial as well as value-added services to Indian exporters. Assistance is given to export-oriented units (EOUs) by way of term loans in Indian rupees or foreign currencies for setting up new production facilities, expansion/modernization or upgradation of existing facilities and for acquisition of production equipment or technology. The Bank lays special emphasis on extension of Lines of Credit to overseas entities, national governments, regional financial institutions and commercial banks. The Bank extends Buyers’ credit and Suppliers’ credit to finance and promote India’s exports and also has a programme called the Buyer’s Credit under National Export Insurance Account (NEIA) to facilitate medium and long term exports from India.
To promote hi-tech exports from India, the Bank has a lending programme to finance R&D activities of EOUs.
International Trade and Economic Development
The International Trade industry involves the import and export of goods between countries . Companies in this field specialize in facilitating the movement of goods through customs clearance procedures as well as providing advice on international trade agreements .
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