Mr. Pushpesh Tyagi has over 25 years of work experience and is with India Exim Bank since 2006. Currently working with Treasury & Accounts Group and also leads the trade facilitation initiative of India Exim Bank. Worked in different verticals in Head Office and India Exim Bank’s offices in New Delhi, Chandigarh and Abidjan. Prior to joining India Exim Bank, had worked in similar areas and different offices with Dena Bank. Postgraduate in Mathematics and an MBA.
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 endeavours 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 globalisation efforts.
To know more about the Bank, visit: www.eximbankindia.in