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Annual Report 2007-08
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:: PRESS RELEASES |
Exim Bank receives ADFIAP Trade Development Award 2010 in Vancouver
Exim Bank of India has been conferred the 2010 "Trade Development Award" by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) for its Lines of Credit programme. The Award was recently presented to Exim Bank Executive Director Mr. Prabhakar Dalal, at a special function organised as part of the 33rd Annual Meetings of ADFIAP in Vancouver, Canada (a photograph is attached with this press release). The function was attended by around a hundred delegates from 26 countries of the Asia-Pacific region.
The ADFIAP Development Award recognizes and honours ADFIAP member institutions, which have assisted projects that have created a development impact in their respective countries. Awards are given to members, which in the judgment of the ADFIAP Awards Board, have implemented or enhanced outstanding and innovative development projects during the immediate past year.
The 2010 Award is in recognition of Exim Bank's "Lines of Credit Programme", a unique financing mechanism that provides a safe mode of non-recourse financing option to Indian exporters, and serves as an effective market entry tool. Exim Bank, through its Lines of Credit (LOC), has been at the forefront of promoting exports from India. LOCs contribute to implementing development projects and capacity building in countries where the projects are carried out, open new market opportunities for Indian companies, help strengthen bilateral cooperation especially with the developing nations and generate goodwill for India. Exim Bank today has in place 137 Lines of Credit, covering 95 countries in Africa, Asia, Latin America, Europe and the CIS, with credit commitments of nearly US$ 4.6 bn, available for financing exports from India.
For further information, please contact
Mr. Ashish Kumar,
Chief Manager,
Export-Import Bank of India,
Centre One Building, Floor 21,
World Trade Centre Complex, Cuffe Parade,
Mumbai 400 005.
Telephone: (022) 22172303,
Fax:(022) 22180743.
E-mail:ashish@eximbankindia.in
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