For Quick Alerts
For Daily Alerts

Exim Bank to support entrepreneurs for overseas projects

By Religare

In a bid to support entrepreneurs to build projects overseas, especially in Africa, to beat slowdown and boost trade, Export-Import Bank of India is planning to accelerate funding for such entrepreneurs, said Economic Times.

"What we are trying tell Indian companies that the recession is affecting the progress of projects within India. So please look at overseas projects as an alternative," Exim Bank, Executive Director, David Rasquinha said in the media report.


Discussing upon the importance of project exports, a senior Exim Bank Executive, said that the project exports are most sustainable and have long term benefits while overseas demand for textile or gems and jewellery largely depends on income and economic prosperity.

However, local demand has remained subdued too as the economy is facing a slower growth, added the media report.

Further, to boost the exporters, David Rasquinha added that it is best opportunity to explore African countries for building projects as the US has not recovered fully while Europe is still not doing well.

Dion GLobal Solutions Ltd.

Read more about: exim bank
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more