Exim Bank Signs MoU with Government of Andhra Pradesh to facilitate State’s Exports

BANKING/FINANCE

by Shrutee K/DNS

Exim Bank of India and the Government of Andhra Pradesh have entered into a Memorandum of Understanding (MoU) for promotion of exports from Andhra Pradesh.  The MoU was signed by the Chairman and Managing Director of the Bank, Mr. Yaduvendra Mathur, and Mr. Shamsher Singh Rawat, Secretary and Commissioner for Industrial Promotion, Government of Andhra Pradesh.

Exim Bank seeks to support the exporters having operations in Andhra Pradesh in achieving higher exports by facilitation of market linkages through its market advisory services, which will assist in identifying suitable partners. Besides, the Bank would help develop skills through capacity building workshops, help the exporters’ participation in select trade fairs and exhibitions, and through research activities.

Exim Bank would also use its strong institutional linkages that it has developed over the years with institutions in advanced markets like USA, Singapore, Japan, Australia, EU, etc, and facilitate technology transfer to the technology-seeking enterprises in Andhra Pradesh. 

With its presence through a Regional Office in Hyderabad, the Bank is desirous of further extending funding facilities to exporters from the State so as to provide them opportunity to access the global market.