Export-Import Bank of India is the premier export finance institution of the country. It commenced operations in 1982 under the Export-Import Bank of India Act 1981. Government of India launched the institution with a mandate to not just enhance exports from India, but also to integrate the country’s foreign trade and investment with the overall economic growth. Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Commencing operations as a purveyor of export credit, like other Export Credit Agencies in the world, Exim Bank of India has evolved into an institution that plays a major role in partnering Indian industries, particularly the Small and Medium Enterprises through a wide range of products and services offered at all stages of the business cycle, starting from import of technology and export product development to export production, export marketing, pre-shipment and post-shipment and overseas investment.

 

Flagship Programs

Overseas Investment Finance –  Exim Bank encourages Indian companies to invest abroad for, inter alia, setting up manufacturing units and for acquiring overseas companies to get access to the foreign market, technology, raw materal, brand, IPR etc. For financing such overseas investments, Exim Bank provides:

• Term loans to Indian companies upto 80% of their equity investment in overseas JV/ WOS.
• Term loans to Indian companies towards upto 80% of loan extended by them to the overseas JV/ WOS.
• Term loans to overseas JV/ WOS towards part financing: (i) capital expenditure towards acquisition of assets; (ii) working capital; (iii) equity investment in another company; (iv) acquisition of brands/ patents/ rights/ other IPR; (v) acquisition of another company; and (vi) any other activity that would otherwise be eligible for finance from Exim Bank had it been an Indian entity.
• Guarantee facility to the overseas JV/ WOS for (i) raising term loan/ working capital.

 

Project Exports - Projects involve activities like engineering, procurement, construction (civil, mechanical, electrical or instrumental), including provision of all desired and specified equipment and / supplies, construction and building materials, consultancy, technical know-how, technology transfer, design, engineering (basic or detailed), commissioning with other all such related services as are needed by the existing or new projects / plants / processes involving international competitive bidding (thus including even Multilaterally Funded Projects in India).

 

Project exports occupy an important place in India's export portfolio. The contracts secured in the recent years have been quite diverse in nature, indicating the growing versatility and technological capabilities of Indian project exporters.

 

Line of Credit - A Line of Credit (LOC) is a financing mechanism through which Exim Bank extends support for export of projects, equipment, goods and services from India. Exim Bank extends LOCs on its own and also at the behest and with the support of Government of India. Exim Bank extends Lines of Credit to:

• Foreign Governments or their nominated agencies such as central banks, state owned commercial banks and para-statal organizations;
• National or regional development banks;
• Overseas financial institutions;
• Commercial banks abroad;
• Other suitable overseas entities.

 

Corporate Banking - The Bank offers a number of financing programmes for Export Oriented Units (EOUs), importers and for companies making overseas investments. The financing programmes cater to the term loan requirements of Indian exporters for financing their new project, expansion, modernization, purchase of equipment, R&D, overseas investments and also the working capital requirements.

 

Buyer’s Credit - The facility enables exporters/contractors to expand abroad and into non-traditional markets. It also enables exporters/contractors to be competitive when bidding or negotiating for overseas jobs.