The Export-Import Bank of India (Exim Bank) is an apex financial institution, wholly owned by the Government of India, set up to finance, facilitate and promote India’s foreign trade. The Bank has a mandate to not just enhance the country’s exports, but also integrate the country’s foreign trade and investment with the overall economic growth. Exim Bank works in close coordination with multilateral and regional banks and financial institutions to promote trade between India and the rest of the world. The Bank supports Small and Medium Enterprises in their globalisation efforts through a wide range of products and services.
In this endeavour and to add to the ongoing efforts towards reducing the asymmetry in information availability of trade finance and credit insurance facilities amongst MSME entrepreneurs, Exim Bank has launched a portal serving twin objectives, namely providing information on credit availability for exports, and delivering trade related information.
The online platform has been christened as “Exim Mitra”, meaning a ‘friend for exporters and importers’.
The portal (www.eximmitra.in) is community-oriented and seeks to provide information on Trade Finance and Export Credit Insurance options besides Export-import intelligence and a helpline in the area of Trade Finance and Export Credit Insurance.
The Bank also offers Marketing Advisory Services to assist linkages between Indian exporting companies and overseas importers for their requirement of products and services from India. The Bank endeavors to support overseas importers by identifying suitable partners from India. Any company wanting to import quality products/services across a number of sectors can avail this service as long as the products/service is not in the negative list of India’s Foreign Trade Policy and International Conventions.