Project exports are a measure of a nation's economic development. Export-Import Bank of India (Exim Bank) organized a ''Stakeholders Seminar on Project Exports'' on Oct. 16, 2014 in Mumbai,with the objective to develop a concrete road-map to give a quantum boost to India's project exports in order to give a major fillip to manufactured exports and employment generation in India.
Exim Bank has been playing the crucial role of a coordinator and facilitator for the promotion of project exports covering overseas industrial turnkey projects, civil construction contracts, supplies as well as technical and consultancy service contracts out of India. Exim Bank, with its strong belief in the capabilities of Indian exporters' technical competence and capacity to control costs, has been constantly endeavouring to provide further impetus to Indian Project Exports by constantly devising innovative financing programmes and products.
Exim Bank's flagship programmes such as Lines of Credit and Buyers' Creditare designed to offer funding options to the overseas buyers in order to enable Indian project exporters to access new markets in developing countries and increase exports of goods and services from India, and create jobs.