KCCI holds meet with India Exim Bank
Posted on Jan 07, 2022 | Author RK News
Srinagar, Jan 06: The Kashmir Chamber of Commerce & Industry and India Exim Bank held a virtual meeting on January 4 regarding Export / Import bank of India.
The meeting was attended by Sheikh Ashiq Ahmad, President, Office Bearers and other members of KCC&I.
In this virtual meeting presentation was given by Virendra Mongia, Regional Head, India Exim Bank regarding Bank’s new Initiatives & other programs.
Mongia briefed about the history and future programme / collaboration of the Bank. He stated that India Exim Bank established under an act of Parliament is the country’s Export Credit Agency, providing Medium and Long-Term (MLT) facilities mainly in Foreign Currency to sovereign governments, parastatal agencies, Indian Exporters / Companies.
India Exim Bank offers financing under various programmes to promote exports from the country.
India Exim Bank has taken/is in the process of taking, certain new initiatives towards (i) supporting SMEs and (ii) boosting exports from the country, by a collaborative association with the Indian FIs / Scheduled Commercial Banks (SCBs) / other stakeholders
President, Sheikh Ashiq Ahmad stated that the India Exim Bank should organize meetings and physical awareness camps in collaboration with KCC&I in future so that we can encourage young entrepreneurs, women entrepreneurs and all export businesses so that the present poor condition of exports gets improved in coming years.
He also stressed on the role of young entrepreneurs in the export sector and various benefits for earnings in foreign exchange.