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Exim Bank's role in promoting international trade
 
Export-Import Bank of India (Exim Bonk, In short) is a wholly cerement-owned financial institution, set up for the purpose of financing, facilitating and promoting Indian's 'foreign trade. Exim Bank plays a four-pronged role with 'regard to India's foreign trade: those of a coordinator, a source of finance, consultant and promoter.

Exim Bank offers a diverse range of financing services for the Indian exporter, including a variety of Export Credit Facilities and Finance for Export Oriented Companies. Exim Bank's mission is to facilitate globalisation of Indian business.

The Bank, set up in 1982, is the principal financial institution in the country for co-ordinating working of institutions engaged in financing exports and imports.

The Bank offers a range of financing programmes that match the menu of Exim Banks of the industrialized countries. However, the Bank is atypical in the universe of Exim Banks in that it has over the years evolved, so as to anticipate and meet the special needs of a developing country. The Bank provides competitive finance at various stages of the export cycle.

The Bank finances exports of Indian machinery, manufactured goods, consultancy and technology services on deferred payment terms. It also seeks to co-finance projects with global and regional development agencies to assist Indian exporters in their efforts to participate in such overseas projects.

The Bank is involved in promotion of two-way technology transfer through the outward flow of investment in Indian joint ventures overseas and foreign direct investment flow into India. It is also a Partner Institution with European Union and operates for facilitating promotion of joint ventures in India through technical and financial collaboration with medium sized firms of the European Union.

Mr. Prabhakar R Dalal spoke on Exim Bank's role in promoting International Trade. Mr. Dalai, General Manager & Group Head, Lines of Credit Group, Exim Bank of India, is M.Com, LL.B, C.A.I.1.8., PGDFERM. He is Fellow of the Indian Institute of Bonking & Finance (FIIBF); Director, West African Development Bank (BOAD), Togo.AIt., Director, Zambia Development Bank, Lusaka, Zambia; and Member of Committees of International Chamber of Commerce & Bombay Chamber of Commerce & Industry. He has travelled extensively abroad as part of Government delegations/Exim Bank delegations, addressed seminars and conferences in India and abroad, met with ministers, senior officials from banking, trade and industry sectors overseas and signed agreements with them, and worked as Exim Bank's Resident Representative in Africa for 4 years.

deferred payment teems, It also seeks to co-finance projects with global and regional development agencies to assist Indian exporters in their efforts to participate in such overseas projects.

The Bank is involved in promotion of two-way technology transfer through the outward flow of investment in Indian joint ventures overseas and foreign direct investment flow into India. It is also a Partner Institution with European Union and operates for facilitating promotion of joint ventures in India through technical and financial collaboration with medium sized firms of the European Union.
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