Chennai, March 5 (IANS) The Export-Import Bank of India (Exim Bank) would leverage an additional capital infusion of Rs.1,300 crore by the central government to raise around Rs.13,000 crore funds, said a senior official.
"The additional capital infusion of Rs.1,300 crore is for our growth and not for meeting capital adequacy norms," David Rasquinha, deputy managing director told reporters here on Thursday.
He said the project export finance institution can raise funds up to 10 times of the additional capital infusion through various financial instruments.
According to Rasquinha, the bank's paid up capital is around Rs.5,000 crore and the total outstanding is around Rs.90,000 crore.
Last year Exim Bank's book size grew by Rs.9,000 crore and this fiscal the figure is expected to be around Rs.12,000 crore.
Rasquinha said there is good growth prospects in power generation/distribution, water, sanitation and civil construction.
He said Exim Bank aims to boost Indian Project Exports from the current levels of $27 billion to over $50 billion in the next fove years through its innovative initiatives and by leveraging the increasing opportunities in Asia and Africa.
Exim Bank is supporting 374 project export contracts valued Rs.161,083 crore (approx $26.85 billion) that are currently under execution, in 78 countries across Asia, Africa and CIS by 112 Indian companies.
These projects are being supported by Exim Bank through a mix of funded and non-funded facilities.
Exim Bank, in collaboration with the African Development Bank, is also setting up a Project Development Company (PDC) in Africa to identify and develop infrastructure projects with the objective of providing the Indian private sector an opportunity to invest in and implement such projects in Africa.
The PDC is expected to provide specialist project development expertise to take the infrastructure project from concept to commissioning. The PDC shall focus on infrastructure projects that have specific strategic interest to India.
Flood horror haunts Srinagar, people abandon homes, shops
Srinagar, March 30 (IANS) Nisar Hussain, 65, who lives in the Gogjibagh residential area of Srinagar, repents his decision to have come back home after three months. For his 60-year-old wife and
RG Kar Case: Even after many secrets were revealed in the RG Kar case, the CBI's hands were empty, investigation affected due to a lack of evidence
Today, a full month has passed since the case of rape and murder of a female trainee doctor in West Bengal. But, the CBI is still empty-handed. Investigators have not yet been able to find out the
Bahraich Violence: Violence had erupted in Bahraich 41 years ago in October... This is why indiscriminate firing took place.
Last Sunday, in the Maharajganj town of Bahraich, after stone pelting during the Durga idol immersion procession, Rehuva resident Ram Gopal Mishra was shot dead. This fire of violence gradually spread
General Mobilization in Ukraine: Decision to deploy common people in Maidan-e-Jung, prohibition of men between the ages of 18 and 60 from leaving the country
Ukraine has also ordered a general mobilization of its countrymen to be deployed in Maidan-e-Jung against Russia. President Vladimir Zelensky made this decision. Apart from this, people in the age
Bihar Election 2025: 'Jungle Raj' resonates in Bihar elections, Grand Alliance focuses on these issues.
Now, as we move toward the euphoria of the results, the Bihar elections have rarely seen such a desperate drive for victory. This impatience fueled competitive acrimony and sharp rhetoric. A barrage
This comedian called Salman Khan's show Bigg Boss a madhouse. Saying this he rejected a big offer.
Wherever there is controversy, it takes no time for the makers of Bigg Boss to reach there. The finale of the last season Bigg Boss 18 took place in January, but as soon as it ended, the makers have
Nupur Sharma: Rizwan is associated with the radical organization, and the statue of Maharaja Ranjit Singh was broken in Pakistan
Shocking revelations are being made about 24-year-old Rizwan, who was arrested for attempting to infiltrate India by crossing the International Border. Imran is associated with the Tehreek-e-Labbaik,
India reached the last Rafale bought from France: the deal for 36 aircraft was completed, and the deal was done for 59 thousand crores
The last of the 36 Rafale aircraft purchased from France also landed on Indian soil on Thursday. With this, this consignment of Rafale coming from France to India was completed. The Air Force has
Jabalpur, Hyderabad, and Bagalkot... Communal tension erupts in three cities across the country; what is the situation now?
Three states, Madhya Pradesh, Telangana, and Karnataka, are witnessing violent clashes between Hindus and Muslims. Tensions between the two communities escalated during temple worship and mosque
Cabinet approves amendment to air carriers liability limits
New Delhi, March 18 (IANS) The cabinet has approved an amendment to the Carriage by Air Act which will enable the government to revise the liability limits of air carriers concerning injury and
