Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
India Exim Bank pitches for new export markets to empower Indian businesses.
Oct 09, 2023
Import Bank of India (India Exim Bank) is committed to empowering Indian businesses by expanding exports to new markets, and it aims to collaborate with existing ones to foster growth amid economic slowdown and geopolitical challenges, a senior official said on Sunday. The external trade-focused bank does not see any concern so far for its exposure in Canada, and the situation has the attention of the government, the official said.
'With the economic slowdown in the key markets, the bank is focusing on trade facilitation measures to boost exports in new markets and help existing markets grow,' India Exim Bank Deputy Managing Director Tarun Sharma told PTI in an interview.
'We feel the issue has adequate attention from the government, and perhaps there will be no long-term ramifications. We have not heard anything untoward from any of the companies that we have supported, who are dealing with Canada in terms of trade or investment,' he said when asked about the ongoing India-Canada diplomatic row.
Asked about its strategy, Sharma explained that among its measures to boost exports, the bank is focusing on new emerging markets like African, Latin American and South Asian markets for incremental exports. In addition, GIFT City's new subsidiary will also play a vital role in factoring overseas transactions.
The India Exim Bank had forecast a 4.8 per cent decline in India's total merchandise exports in Q2 (July-September) of FY24, shadowed by continued slowdown in select major trade partners, including advanced economies.
Under the Trade Assistance Programme (TAP), India Exim Bank provides support through credit enhancement to trade instrument(s), thereby enhancing the capacity of commercial banks/financial institutions in India to support cross-border trade transactions, involving markets where trade lines are constrained or where the potential has not been harnessed.
'We have supported incremental exports by supporting over 275 transactions in 30 countries through 45 banks in emerging markets. And we have covered over three-quarters of a billion dollars of transactions supporting about 95 Indian companies across diverse sectors, including agro products, automotive, textiles, machinery, engineering goods.' Sharma said.
Sharma informed that its newly established subsidiary Exim Finserve at the international financial services centre in GIFT City, Gujarat, will have a long-term impact supporting the growth of exports from India.
'This month, we are doing our first set of transactions, exports happening to the United States, and we are again very confident that both the trade assistance program and factoring will cover the entire gamut of pre-finance services in India, both on documentary credit basis and open terms,' Sharma said.
With Exim Finserve, exporters can obtain receivables financing, protection against non-payment risk, and receivables management services. As a result, exporters will have improved cash flow and reduced payment risk, allowing them to explore new markets.
Amid the headwinds, Sharma remains optimistic about a 12-15 per cent growth in loan book and expects a revival in the third and fourth quarters of the current fiscal. Net Loan Portfolio in 2022-23 was Rs 1,34,523 crore.
Sharma said 80 per cent of its exposure is in foreign currency and the rest in the Indian currency.
economictimes.indiatimes.com
Archive