Exim Bank aims USD 7 bln financing of project exports over 5 years
The Export-Import Bank of India (Exim Bank) is planning to provide financing of USD 7 billion of project exports over the next five years. In September 2021, the government had announced to pump in Rs.16.5 billion in the National Export Insurance Account (NEIA) to boost project exports. The NEIA Trust provides export credit insurance cover for promoting medium and long-term project exports from India. The corpus infusion will enhance the project export possibility of having cover by NEIA by about Rs.330 billion over the next five years (equivalent to USD 4.5 billion). At present, Exim Bank has supported 31 projects valued at USD 2.7 billion in 14 countries under the Buyer’s Credit under NEIA programme.