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.
Now China will splash in the sea, the dangerous American warship USS Nimitz came to break the dragon's arrogance in the South China Sea
The US has made full preparations to thwart Dragon's attempts to dominate the South China Sea. The USS Nimitz, the world's largest, dangerous and nuclear-powered aircraft carrier, has been flown to
'I have brought the water of Saryu and Maha Kumbh Sangam for you...', PM Modi addressed the Indian community in Trinidad and Tobago.
Prime Minister Narendra Modi addressed the Indian community in Trinidad and Tobago on Thursday. During this, he called Trinidad and Tobago Prime Minister Kamala Bissessar the daughter of Bihar. Along
The doctor told, when can BCCI President Sourav Ganguly be discharged from the hospital
BCCI President Sourav Ganguly, one of the powerful cricket boards of the world cricket, may be discharged from the Woodlands Hospital in Kolkata on Tuesday. This information was given by the
The Central Government rejected the allegations of Mamata, told why the action was taken on the former Chief Secretary of Bengal
The central government on Tuesday defended its move to summon former West Bengal chief secretary Alapan Bandyopadhyay and has termed its transfer order constitutional, according to sources. On
Amidst the spurt in Corona cases, the government took a big decision, extended the duration of the insurance scheme by 180 days
Coronavirus Update: There is a rapid increase in the cases of corona across the country. Restrictions are starting once again in many states. In the midst of all this, the central government has taken
Akshay Kumar Citizenship: Why did Akshay Kumar have Canadian citizenship, how did he become an Indian now? Know all the rules
On the special occasion of Independence Day, actor Akshay Kumar has good news for his fans. Akshay Kumar has got Indian citizenship. He has shared this information with fans by sharing social media
Data Leak: CyberX 9 claims, that Vodafone-Idea's 206 million postpaid customers' data leaked
Cyber security research firm CyberX9 has claimed in its report that the call data records of 206 million (20.6 million) postpaid customers were leaked due to vulnerabilities in the systems of
Delhi-Meerut Rapid Rail: Know how the rapid rail going from Delhi to Meerut will reach Meerut in 60 minutes
Rapid Rail: Rapid Rail going from Delhi to Meerut is one of the important projects of the government. Work is going on at a brisk pace on this project. This train will take passengers from Delhi to
PM Modi: PM Modi announced an ex-gratia of Rs 2 lakh each to the families of those killed in the Bangalore building accident
Six people lost their lives in the collapse of an under-construction building in the Horamavu Agara area of Bangalore on Tuesday. Prime Minister Narendra Modi has announced an ex-gratia of
Amitabh-Ravi: Ravi Kishan praised Amitabh Bachchan for 'Kalki 2898 AD', Big B greeted him with a hug
Amitabh Bachchan is currently enjoying the success of his recently released film 'Kalki 2898 AD'. The film also stars Prabhas and Deepika Padukone. Recently, at the wedding of Anant Ambani and Radhika
