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Export import bank of india

its about EXIM bank for international marketing

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Export import bank of india

  1. 1. EXPORT IMPORT BANK OF INDIA EXIM BANK The Export Import Bank of India was set up in 1982 under the Export-Import Bank of India Act, 1981. The EXIM bank was set up as the apex institution providing finance and refinance in connection with the foreign trade of the country. PARTH SHAH ROLL NO :-55 9429512479 10/12/2015
  2. 2. EXPORT IMPORT BANK OF INDIA (EXIM BANK) INTRODUCTION The Export Import Bank of India was set up in 1982 under the Export-Import Bank of India Act, 1981. Since then it has been a catalyst as well as a key player in the promotion of cross- border trade and investment. It has particularly helped the small and medium enterprises in their globalization efforts, through import of technology, export product development, export production, export marketing, pre-shipment, post shipment and overseas investment etc. EXIM BANK The EXIM bank was set up as the apex institution providing finance and refinance in connection with the foreign trade of the country. It took over the operations of the international finance wing of the IDBI. The objectives of this bank are clearly set out as, granting loans and advances in India solely or jointly with commercial banks and other financial bodies to persons exporting or importing or intending to export from India, goods and services including export of turnkey projects, joint ventures and civil construction services. Functions of EXIM Bank  Financing of exports and imports of goods and services not only into India but also in third countries.  Provision of financial assistance for exports/imports of machinery and equipment on lease basis.  Small and Medium Enterprise: The group handles credit proposal from SMEs under various lending programmes of the bank.  Extension of financial help for facilitating joint ventures.  Granting lines of credit to governments, financial institutions and other organizations in foreign countries to enable persons in those countries to import from India, goods including turnkey projects, services including consultancy services.  Issuing bid bonds or guarantees and other similar facilities in India or abroad solely or jointly with commercial banks on behalf of persons exporting or intending to export from India.
  3. 3. Assistance Provided by EXIM Bank 1. Funded assistance: Funded assistance involves financial outflow. It is provided to Indian exporters to enable them to operate in international markets. It includes provision of medium term credit to exporters, investment finance for equity participation in joint ventures abroad, technology and consultancy services as well as pre-shipment finance for export of capital goods under this scheme, loans are also provided to foreign governments, companies and financial institution for purchase of capital goods and services from India, as well as re-lending facilities for overseas banks to enable them to provide term finance for import of goods from India. Loans for export bills rediscounting and refinance of export credit are also provided to Indian banks. 2. Non-funded assistance: Non-funded operations include various types of guarantees in association with Indian commercial banks, on behalf of Indian exporters/contractors in favour of their overseas counterparts. These guarantees are given in the form of bid bonds, advance payments and performance guarantees and guarantees for raising finance abroad. Export, Import and Balance Payments from 1990-91 to 2009-10 In the above Table, in 1990s, the export growth was subject to wide ranging fluctuations. For example Exports grew by 20.8% and also dipped to -5.1% in 1998-99. The
  4. 4. decade of 1990s, 1991-92 and 1998-99 showed negative growth rate in exports. On an average, export growth was 13.33% per annum. On the other side, imports grew by 10.93% per annum and only during 1991-92 it showed negative growth rate of 19.4%. Otherwise, the import growth rate varied between 2.2 to 2.8%. The balance of deficit increased continuously. One important fact that needs to be noted is that the base of the imports and exports enhanced considerably during the decade of 1990s along with considerable diversification in both exports and imports commodity baskets. The year 2001-02 and 2009-10 saw negative growth rates, however between 2001-02 and 2004-05. Exports on annual average grew by 13.88%, with over 30% growth in 2004-05. Similar was the case with imports. The average annual growth rate was 13.73% from 2005-06 to 2007-08, exports increased in the vicinity of 25% per annum and the imports grew much higher that was over 31% per annum. However, the gap between exports and imports widened and pushed the balance of trade deficit in the current account of balance of trade. The deficit in the balance of payment began in 1995-96 and reached an alarming proportion of US$ 12.85 billion in 1999-2000. Even in the recent growth in exports is due to an increase in factor productivity, rise in the world trade, increased in intra-industry trade and not due to the external and imports to GDP was 10.70% in 2000-01 and has risen to 13.79% in 2009-10. Similarly, imports increased from 12.4% to 22.24% in respective years. The exports growth received set back in 2009-10 due to world-wide recession and fall in commodity prices for which was a main exporter. This underlines an increased integration of Indian economy with the world.