Personal Profile
Mr. Choudhary has 3 years of experience as project officer, in Watershed Management projects and more than 16 years of experience in financial services industry in Corporate and Retail banking, Developmental Finance, Export Credit Project Finance and specialized finance as well as fund mobilization, covering a broad base of clients and customer segments, across global jurisdictions with particulate expertise within the Sovereign Governments, multilateral agencies and private sector. He is certified Credit Professional from Indian Institute of Banking and Finance. He has experience of working with Industrial Development Bank of India and with Export Import Bank of India (India Exim Bank). Mr. Choudhary is holds Bachelor of Engineering (B.E) degree from Maharana Pratap University of Technology and Agriculture Engineering, India.
Presently, Mr. Choudhary is India Exim Bank’s Resident Representative for Southern African Development Community (SADC) region. He takes care of India Exim Bank’s activities, in 14 countries in Southern Africa viz. Angola, Botswana, Comoros, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, ESwatini, Zambia and Zimbabwe.
His role and responsibility as India Exim Bank’s Resident Representative for SADC region includes:-
(a) Establishing, maintaining, and upgrading relationship with multilateral agencies, Indian diplomatic missions, line of credit recipient governments and financial institutions in the Southern African Development Community (SADC) region.
(b) Monitoring the progress of the projects being set up under Bank’s line of credit to countries in Southern Africa.
(c) Ensure effectiveness in contributing to the Bank’s capacity to increase loan assets, raising foreign currency resources, income etc.
(d) Identify competitive export credit practices.
Company Profile
Export-Import Bank of India (India Exim Bank) was set up in 1982 by an Act of Parliament for financing, facilitating and promoting India’s foreign trade. It is the principal financial institution in the country for coordinating the working of institutions engaged in financing exports and imports. India Exim Bank is fully owned by the Government of India.
The Bank provides financial as well as value-added services to Indian exporters. Assistance is given to export-oriented units (EOUs) by way of term loans in Indian rupees or foreign currencies for setting up new production facilities, expansion/modernization or upgradation of existing facilities and for acquisition of production equipment or technology. The Bank lays special emphasis on extension of Lines of Credit to overseas entities, national governments, regional financial institutions and commercial banks. The Bank extends Buyers’ credit and Suppliers’ credit to finance and promote India’s exports and also has a programme called the Buyer’s Credit under National Export Insurance Account (NEIA) to facilitate medium and long term exports from India.
To promote hi-tech exports from India, the Bank has a lending programme to finance research and development activities of EOUs. The Bank has a Marketing Advisory Services programme, to assist Indian companies in identification of prospective business partners, facilitating placement of final orders and also identification of opportunities for setting up plants or projects or for acquisition of companies overseas.
The Bank supports the internationalization endeavors of Small and Medium Enterprises (SMEs) by meeting the foreign currency capital requirements of Indian exporters. Further, as a facilitator of trade, India Exim Bank has recently launched a portal called Exim Mitra (www.eximmitra.in), that provides trade related information and access to credit and insurance for exporters and importers.
India Exim Bank supplements its financing programmes with a wide range of value-added information, advisory and support services, which enable exporters to evaluate international risks, tap export opportunities and improve competitiveness, thereby helping them in their globalization efforts.
To know more about the Bank, visit: www.eximbankindia.in.