Export Import Bank of India, set up in 1982, for the purpose of financing, facilitating, and promoting foreign trade of India, is the principal financial institution in the country for co-ordinating working of institutions engaged in financing exports and imports.
Operations
Finance:
The present focus of Exim Bank is on export finance. The Bank finances export of Indian machinery, manufactured goods, and consultancy and technology services on deferred payment terms.
Exim Bank finance is also available at export production stages. Exim Bank undertakes co-financing with global and regional development agencies and assists Indian exporters in their efforts to participate in such overseas projects. The Bank has diversified into all stages preceding export of goods, on credit terms.
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Services:
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Exim Bank provides information, advisory services to enable exporters to evaluate the international risks, export opportunities and competitiveness.
These include country studies, merchant banking services, advice on international marketing and data to enable effective participation in opportunities offered by projects of multilateral institutions.
Exim Bank through its wide network of alliances with financial institutions, trade promotion agencies, information providers across the globe assists externally oriented Indian companies in their quest for excellence and globalisation.
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Services include search for overseas partners, identification of technology suppliers, negotiating an alliance and consummating a joint venture.
Research and Analysis:
Research and Analysis is carried out on specific industry subsectors with export potential, and international trade related subjects. These are widely disseminated amongst exporters, academicians, industry and trade organisations and the Government.
Exim Bank thus follows a three pronged strategy to promote Indian exports. More than export finance, the Bank is engaged in export capability creation.
Resources:
As on March 31, 1997, the Bank had paid-up capital of Rs 5 billion, equivalent to US $139.08 million. Net worth of the Bank stood at Rs 10.44 billion, equivalent to US $290.51 million. The Bank raised loan resources from domestic and international markets.
A Variety of Programmes:
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Exim Bank promotes exports through a variety and a range of lending and service programmes. These programmes are tailored to meet the needs of different customer groups, viz. Indian exporters, overseas entities and commercial banks.
Exim Bank offers competitive finance at various stages if the export cycle, viz. export product development, export production, export marketing and export credit at pre and post-shipment stages.
More than Export Finance, Exim Bank Creates Export Capabilities:
Does the exporter sell a product that has met the test of domestic competition? Does he wish to sell his product to developed countries? Does he possess the will to withstand the rigors of international competition?
If the exporter is an Indian manufacturer, and his answers to the above questions are affirmative, the following are offered to him: Export marketing finance Loan finance for modernisation, capacity creation, and quality up gradation, product development and marketing.
Eximius club Services aimed at promoting globalisation. Eximius centre Disseminating skills/knowledge to match the best in the world.