The Export-Import Bank of India or the Exim Bank may not be serving the Small and Medium Enterprises (SME) directly but every time, they need to venture overseas – by market expansion or capacity expansion, it extends a helping hand. In an exclusive conversation with Entrepreneur, DEBASISH MALLICK, Deputy Managing Director, Exim Bank, shares about its agnostic support to the SMEs, its effort towards digitization and various other initiatives.
How is the Exim Bank of India extending its support to the SMEs?
The bank is focused on supporting the industrial units, which are exporting or planning to do so. This also includes a range of activities like capacity expansion, upgradation of plants and improvization of the product to make them export ready. Moreover, it also helps companies which are either looking to set up or acquiring any overseas unit. For the last few years, it has been very active in the SME space. With the present industrial and the NPA scenario, we have been assisting industrial units including MSMEs for activities like upgradation, capacity expansion, etc. Most of the SMEs which have been assisted by us are in the engineering space, especially in the auto ancillary segment.
What are the criteria to avail these services?
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Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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