Export-Import Bank of India is a catalyst and a key player in the promotion of cross border trade and investment.
- For providing financial assistance to exporters and importers, and for 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 promote the country's international trade.
- To act on business principles with due regard to public interest.
1. Financing of export and import of goods and services both of India and of outside India.
2. Providing finance for joint ventures in foreign countries.
3. Undertaking merchant banking functions of companies engaged in foreign trade.
4. Providing technical and administrative assistance to the parties engaged in export and import business.
5. Offering buyers’ credit and lines of credit to the foreign governments and banks.
6. Providing advance information and business advisory services to Indian exports in respect of multilaterally funded projects overseas.
During the year 1994-95, the EXIM Bank introduced the ‘Clusters of Excellence’ programme for up-gradation of quality standards and obtaining ISO 9000 certification in various parts of the country.
The Bank also entered into framework cooperation agreement with European Bank for Reconstruction and Development (EBRD) for acquiring advance information on EBRD funded projects in order to enter into co-financing proposals with EBRD in Eastern Europe and CIS.
With a view to promote exports, EXIM Bank has introduced the following three schemes:
1. Production Equipment Finance Programme
2. Export Marketing Finance
3. Export Vendor Development Finance
Over the period, expansion /diversification programme has claimed the maximum share (54.3%) of EXIM Bank’s sanctions, followed by new projects, (33.2%) and modernisation /acquisition of equipment (12.5%).