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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.
 

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