FM launches the Ubharte Sitaare Fund to support India’s Future Export Champions

The Hon’ble Finance Minister of India, Smt. Nirmala Sitharaman, on Saturday, August 21, 2021 launched the Ubharte Sitaare Fund in Lucknow in the presence of Shri Siddharth Nath Singh Hon’ble Minister for MSME and Export Promotion, Government of Uttar Pradesh and Shri Pankaj Jain, Additional Secretary, Department of Financial Services, Ministry of Finance, Government of India.

Untapped Export Potential of US$ 227.4 million in Sports Goods: Exim Bank Study

Sports goods is a niche sector, which has been a shining beacon of growth for India’s exports. The traditional clusters of Meerut in Uttar Pradesh and Jalandhar account for more than 70 percent of the sports goods production in the country. According to a study by the Export-Import Bank of India (India Exim Bank), India currently manufactures more than 300 types of sports goods and is one of the largest manufacturers in Asia, after China and Japan.

India Exim Bank Study Suggests Setting up US$ 100 million Fund for Building Regional Healthcare Hubs Across Africa

India Exim Bank’s study titled “India-Africa Healthcare: Prospects and Opportunities” was released during the 16th CII-EXIM Bank Digital Conclave on India-Africa Project Partnership on July 13, 2021, in the presence of Dr. S Jaishankar, Hon’ble Minister of External Affairs, Government of India, H.E. Mr. Slumber Tsogwane, Vice President, Republic of Botswana, H.E. Dr. C. G.

India Exim Bank extends Buyer’s Credit facility of USD 35.26 million under National Export Insurance Account for power transmission project in Senegal

Export-Import Bank of India (India Exim Bank) signed a Buyer’s Credit Agreement for USD 35.26 million with the Ministry of Economy, Planning and Co-operation of the Republic of Senegal for the purpose of construction and installation of 225 kV overhead Transmission Line from Tanaff to Ziguinchor (approx. 92 km) and bay extensions at Tanaff and Ziguinchor in Senegal.

Export-Import Bank of India, on behalf of the Government of India, extends a line of credit [LOC] of USD 40 million to the Government of Togo

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended a Line of Credit [LOC] of USD 40 million to the Government of Togo for the purpose of electrification of 350 villages in Togo through Solar photo-voltaic systems. 

Exim Bank, on behalf of the Government of India, extends a line of credit [LOC] of USD 100 Million to the Government of the Socialist Republic of Sri Lanka

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended a Line of Credit [LOC] of USD 100 million to the Government of the Socialist Republic of Sri Lanka for financing Projects in the Solar Energy Sector in Sri Lanka.

India Exim Bank forecasts India’s merchandise exports for Q1 of FY2022 to amount to US$ 87.2 bn, and non-oil exports to amount to US$ 78.26 bn, witnessing a robust positive growth

Export-Import Bank of India (India Exim Bank) forecasts India’s total merchandise exports to amount to US$ 87.2 bn, growing at 70.1%, and non-oil exports to amount to US$ 78.26 bn, growing at 68.5%, during the first quarter of 2021-22, as compared to US$ 51.3 bn and US$ 46.4 bn, respectively, for the corresponding quarter of the previous year.

Export-Import Bank of India, on behalf of the Government of India, extends a line pf credit of USD 108.28 Millon to the Government of the Kingdom of Eswatini(Swaziland)

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended Line of Credit [LOC] of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for construction of a new Parliament building in Eswatini.

India Exim Bank’s PAT jumps more than 100% in FY 2020-21

India Exim Bank’s Managing Director, Mr. David Rasquinha, and Deputy Managing Directors, Ms. Harsha Bangari and Mr. N. Ramesh, announced the Bank’s results for the financial year 2020-21 through a virtual press conference in Mumbai on Friday, May 21, 2021.

Key highlights of the Bank’s performance during 2020-21 are as under:

FINANCIAL PERFORMANCE