EXPORT IMPORT BANK OF INDIA (EXIM BANK)
The Export‑Import Bank of India (Exim Bank) is a public sector
financial institution created by an Act of Parliament, the Export‑Import
Bank of I Act, 1981. The business of Exim Bank is to finance Indian exports
that to continuity of foreign exchange for India. The Bank's primary objective,
to develop commercially viable relationships within a target set of externally
oriented companies by offering them a comprehensive range of products services,
aimed at enhancing their internationalisation efforts.
Exim Bank is fully owned by the Government of India and is man by a
Board of Directors with representatives from Government, RBI, ECGC financial
institutions, banks, business community. A list of EXIM Bank’s Offices is given
in Appendix 7.1.
Exim Bank provides a range of analytical information and export re
services. The Bank's fee based services help identify new business
propositions, source trade and investment related information, create and
enhance pres through joint network of institutional linkages across the globe,
and a., externally oriented companies in their quest for excellence and
globalisation. Services include search for overseas partners, identification of
techno suppliers, negotiating alliances, and development of joint ventures in
India and abroad. The Bank also supports Indian project exporters and consul to
participate in projects funded by multilateral funding agencies.
The operations of the Exim Bank are grouped as below:
·
Bank provides exports of Indian machinery,
manufactured go consultancy and technology services on deferred payment terms.
·
Lines of credit/buyer's credits are extended to
overseas entities governments, central banks, commercial banks, development
finance institutions, regional development banks for financing port of goods
and services from India.
·
Project Finance
·
Trade Finance
Export Capability
Creation
·
Export Product Development
·
Export Marketing Finance
·
Export Oriented Units
l. Project Finance
2. Working Capital
3. Production Equipment
Finance
·
European Community Investment Partners (ECIP)
·
Asian Country Investment Partners (ACIP)
·
Overseas Investment Finance
·
Export Facilitation Programmes
- Software Training Institutes
- Minor Ports Development
Export Services
In addition to finance, Bank provides a range of information advisory
services to Indian companies to supplement their efforts aimed at globalisation
of Indian business.
The Export‑Import Bank of India (Exim Bank) provides financial
assistance to promote Indian exports through direct financial assistance
Overseas investment finance, term finance for export production and export
development, pre‑shipment credit, buyer’s credit, lines of credit,
relining facility, export bills rediscounting, refinance to commercial banks
finance computer software exports, finance for export marketing and bulk ii
finance to commercial bank. The Exim Bank also extends non‑funded
facility to Indian exporters in the from of guarantees. The diversified lending
programme of the Exim Bank now covers various stages of exports from the
development of export markets to expansion of production capacity for exports,
production for exports and post‑shipment financing. The Exim Bank's focus
is on export of manufactured goods, project exports, export of technology
services and export of computer software.
Deferred
payment exports: Term
finance is provided to Indian exporters of eligible goods and services which
enables them to offer deferred ere overseas buyers. Deferred credit can also
cover Indian consultancy, technology, and other services. Commercial banks
participate in this programme directly or under risk syndication arrangements.
Preshipment
credit: Finance
is available from Exim Bank for comp executing export contracts involving cycle
time exceeding six months. The facility also enables provision of rupee
mobilisation expenses for construction/turnkey project exporters.
Term loans for
export production: Exim Bank provides term loans/deferred payment guarantees to 100% export‑oriented
units, units in trade zones and computer software exporters. In collaboration
with International Finance Corporation, Washington, Exim Bank provides to,
enable small and medium enterprises upgrade export production capability.
Facilities for
deemed exports: Deemed
exports are eligible for fu and non‑funded facilities from Exim Bank.
Overseas
Investment Finance: Indian companies establishing joint ventures overseas are provided
finance towards their equity contribution in the joint venture.
Finance for
export marketing: This programme, which is a component of a World Bank loan, helps
exporters implement their export mark development plans.
Overseas
Buyer's Credit: Credit
is directly offered to foreign entities for import of eligible goods and
related services, on deferred payment.
Lines of
Credit: Besides
foreign governments, finance is available foreign financial institutions and
government agencies to on‑lend in the respective country for import of
goods and services from India.
Loans to
Commercial Banks in India
Export Bills
Rediscounting: Commercial
banks in India who a authorised to deal in foreign exchange can rediscount
their short term expo bills with Exim Bank, for an unexpired
usance period of not more than 90 days.
Refinance of
export credit: Authorised
dealers in foreign exchange can obtain from Exim Bank 100% refinance of
deferred payment loans extended for export of eligible Indian goods.
Refinance of
Foreign Currency Pre‑shipment Credit: Facility of refinancing of pre‑shipment
credit granted in foreign currency is also available from Exim Bank.
Exim Bank participates with commercial banks in India in the issue of
guarantees required by Indian companies for export contracts and for execution
of overseas construction and turnkey projects.
Under the Production Equipment Finance Programme (PEFP), Exim Bank seeks
to finance non‑project related capital expenditure of export-oriented units.
PEFP is structured as an umbrella arrangement under which various equipment,
imported and indigenous, can be financed, thus obviating the need to arrange
finance for every such procurement. It is not necessary to identify specific
equipment sought to be financed at the time of application; this could be done
at the time of disbursement. PEFP is a fast‑disbursing window available
to export oriented units.
·
Companies with good track record and sound
financials.
·
Existing export‑oriented units with
minimum export orientation (present or targeted) of 10% of total sales or Rs.5
crores in value whichever is lower
Term loans in Indian rupees/foreign currency.
·
Rupee term loan linked to Bank's minimum
lending rate.
·
Foreign currency term loan at floating or fixed
interest rates based Bank's cost of funds.
·
Interest is payable semi‑annually on
reducing balances.
·
Interest tax as applicable.
1 % of loan amount payable upfront.
Upto one year from the date of sanction.
Minimum 10%
·
Hypothecation of equipment, plant&
machinery financed by the Bank.
·
Additional security by way of personal
guarantee, any other asset borrower's company, corporate guarantee of group company
/parent company & appropriate charge on any other security on a case to
case basis.
·
Bank welcomes preliminary discussions with the
promoters to determine scope for Exim Bank's term finance under PEFP.
·
To
facilitate discussions, do send project profile identifying financial
requirements.
Lending
Programme for Overseas Joint Ventures/Wholly Owned Subsidiaries by Indian
Companies
To
finance by way of equity loan to Indian companies for setting up overseas joint
ventures/ wholly owned subsidiaries.
Any Indian promoter making equity investment in an existing company, a
new project overseas with the requisite approval for such investment from Reserve
Bank of India (RBI)/Government of India as also from the government and other
concerned authorities in the host country.
Proposals for setting up JV/WOS abroad require approval of the RBI in
accordance with the Guidelines for Indian Direct Investment in JVs and WOS
Abroad notified by the Government of India, Ministry of Commerce.
Fast Track Cases
·
Proposals for direct investment in a JV/WOS
abroad from a company will be eligible for automatic approval by RBI provided
·
The total value of the investment by the Indian
company does not exceed US $ 15 million. In respect of Indian investment in
SAARC, countries and Myanmar total value of investment does not exceed U $ 30
million; and in respect of‑Indian Rupee investment in Nepal an Bhutan,
total value of investment does not exceed Rs.120 crores.
·
The amount of investment is upto 25% of annual
average expo earnings of the company in the preceding three years.
·
The amount of investment is repatriated in full
by way of dividend royalty, technical service fees, etc. within a period of
five years.
Proposals involving investments beyond US $ 4 million but not exceeding
US $ 15 million or those not qualifying on the basis of the applicable criteria
outlined above will be processed in the RBI through a Special Committee
appointed by RBI. Such proposals could preferably be accompanied by Technical
Appraisal by any one of the designated agencies (including Exim Bank)
Proposals for overseas investment in excess of US $ 15 million will b
considered if the required resources beyond US $ 15 million are raised through
the GDR route. Upto 50% of the GDR resources raised may be invested as equity
in overseas JV/WOS subject to specific approval of the Government. Applications
for investments beyond US $ 15 million would be received in the RBI an
transmitted to the Ministry of Finance for examination with the recommendation
of the Special Committee.
·
For investment out of EEFC balances upto a
maximum of US$ 1 million, permission would be granted by Authorised Dealers.
Indian companies are allowed to invest equity in overseas joint venture
wholly owned subsidiaries by way of :
·
Capitalisation of export proceeds of plant
& machinery, technical know‑how fee, royalty.
·
Forex remittance of equity contribution.
·
Rupee term loan to Indian companies for
financing their equity investment merit overseas.
·
Rupee term loan for on lending to their
overseas joint venture/wholly owned subsidiaries.
·
Guarantee for raising finance overseas for
equity investment a working capital requirements for overseas joint
ventures/wholly subsidiaries.
·
Rupee term loan linked to Bank's minimum
lending rate.
·
Foreign currency term loan at floating or fixed
interest rates based Bank's cost of funds.
·
Interest is payable on reducing balances at
half yearly rates.
·
Additionally interest tax as applicable will be
payable.
Maximum upto 80% of the Indian company's equity contribute overseas
JV/WOS.
Exim Bank's finance will be secured by:
·
An appropriate charge on the borrowers assets
in India and/or any security acceptable to Exim Bank.
·
Pledge of borrower shares of Indian promoter
companies.
·
An overseas investment insurance policy to be obtained
by the company from ECGC/MIGA and assigned in favour of Exim Bank.
·
In case of assistance by way of guarantee,
counter guarantee Indian promoter company.
Exim Bank provides 100% refinance to commercial banks in rest rupee term
loans extended by them to Indian promoter company for contribution in overseas
JV/WOS. As per prevailing RBI guidelines, commercial banks can consider loan
for equity investment only under Exim Bank’s
Refinance scheme.
·
Bank welcomes preliminary discussions with the
promoters to mine scope for Exim Bank's finance.
·
To facilitate discussions, do send project
profile identifying financial requirements.
To catalyse overseas investment by Indian companies to enhance
visibility of Indian overseas ventures.
·
Upto 25% of equity capital of the JVs involving
Indian & foreign companies.
·
Upto 50% of equity capital in case of wholly
owned subsidiaries of Indian companies.
·
Subject to a ceiling of US $ 5 mn per proposal
and remove subject to RBI.
While considering equity investment with Indian companies doing business
in India, weight age will be given to the following
·
Background and track record of Indian and
foreign promoters.
·
Synergy of overseas operations with business in
India.
·
Financial viability and technical feasibility.
·
Return on Exim's investment.
·
Benefits to India in terms of trade
enhancement, technology transfer, foreign exchange earnings etc.
·
Spin off benefits such as brand marketing and
penetration of new markets will also be considered.
·
Within 5 years from the date of investment.
·
Exim Bank's equity may be offloaded to
o
Indian promoters
o
Other interested Indian companies
o
Stock Exchange in host country
o
Others
·
Buy back arrangement between Exim Bank &
Indian promoter company.
Exim Bank welcomes discussion with Indian promoter company seeking Exim
Bank's equity participation in their overseas joint ventures.
ASIAN COUNTRIES INVESTMENT PARTNERS PROGRAMME (ACIP)
To promote joint ventures in India between Indian companies & companies
from Asian countries through four facilities listed below that address
different stages of the project cycle. ACIP seeks to catalyse investment flows
into India by creation of Joint Ventures in India between Indian companies and
companies from East Asian countries. ACIP is proposed to be a funding
instrument providing finance at various stages of a Joint Venture project cycle
viz. sector study, project identification, feasibility study, prototype
development, setting up project and technical, managerial assistance.
|
|
Facility
1 |
Facility
2 |
Facility
3 |
Facility
5 |
|
Finance for Project Expenditure Beneficiaries Instrument Finance available Interest Rate Limits Repayment |
Identification of potential joint venture
projects and partners Human Resources development: training and management assistance Chambers of commerce, industrial / investment promotion agencies and other eligible bodies. Grant Maximum of Rs.20 lakhs N.A. upto 50% of the coat N.A. |
Operations prim to launching a joint venture
like pilot plant‑ feasibility study Indian companies seeking joint venture in India Soft loan Maximum of Rs.50 lakhs 7.5% p.a. Upto 50% of the cost Within 5‑7 years |
Joint venture companies set up under ACIP Term loan Need Based As applicable to Exim's rupee, term low Need Based Within 5.7 years |
Joint venture companies set up under ACIP Soft loan Maximum of Rs.50 lakhs 7.5% p.a. Upto 50% of the cost Within 5‑7 years |
Bank welcomes preliminary discussions with the promoters to determine
scope for Exim Bank's finance.
To create and enhance export capabilities and international
competitiveness of Indian companies. Under the lending programme for Export
Marketing Finance, the Bank addresses the term finance requirements for a
snuctural and strategic export marketing and development effort of Indian
companies.
1. Company who have a
strategic international marketing plan.
2. Company should have
established presence in the domestic market.
3. Company should have
satisfactory financials.
Activities associated with export marketing and export capability creation are financed under the programme. Typical activities eligible for finance under his programme are desk/field research, minor product adaptation, overseas tavel, training, quality certification, product launch, investment in machinery and equipment, testing/quality control equipment, and factory premises.
Term loan in Indian Rupees/ US
·
Rupee Term Loans ‑Linked to Exim Bank's
Minimum Lending Rate.
·
Foreign Currency Term Loans ‑At floating
or fixed interest rate.
·
Additionally interest tax as applicable will be
payable .
1 % of loan amount sanctioned, payable upfront & non‑refundable.
Upto five years inclusive of moratorium.
20%
·
Hypothecation of moveable fixed assets of the
company.
·
Mortgage of immovable fixed assets of the
company.
·
Any other security acceptable to Exim Bank.
Bank welcomes preliminary discussions with the promoters to determine
scope for Exim Bank's finance.
To support systematic export product development plans with focus on
industrialised markets.
1. Established exporting
enterprises with product development prog dedicated to export.
2. The company must also have an
established track record and sa tory financials.
·
Term finance for product design and development
activities.
·
Research and development activities including
cost of manufac prototypes development, pilot plants, product testing, developn
toolings, jigs & fixtures, process development costs and product launch.
Rupee, Term loans on soft term basis.
Will be decided on case to case basis.
5‑7 years.
20%.
·
First charge on the fixed assets of the
borrower.
·
Any security as may be considered appropriate
on the merits case.
·
Bank welcomes preliminary discussions with the
promoters mine scope for Exim Bank's finance.
·
To facilitate discussions, do send project
profile identifying requirements.
Objective
To financeexport strategic vendor development plans forexport Compsnies
with a view to enhancing exports through creation, strengthening of linkages
with vendors.
1.
Export companies and Trading Houses.
2. Manfacturer‑exporters with satisfactory track record and
financials, listed Companies with strategic plan for vendor development for
export is eligible to seek finance under this programme.
3. Companies
purchasing from vendors finished, semi‑finished mediate products with the
exporter adding value to the product in the form of further processing or
marketing them.
Activities undertaken by exporters todevelop and upgrade vendors lead to
export additionality are eligible for finance under EVD. Examples-
·
acquisition of production machinery;
·
purchase of toolings, moulds, jigs, dies and
ancillary equiptment;
·
core working capital assistance extended by
exporters to vendor’s;
·
'soft' expenditure on vendor development such
as vendor technical assistance to vendors.
Rupee Term loans including soft loan component.
·
Interest Rate linked to Bank's Minimum Lending
Rate.
·
Soft loan at 7.5% p.a. (subject to change)
subject to maximum of Rs.5 lakhs.
Upto 7 years
20%
First charge on the borrower company's assets.
·
Bank welcomes preliminary discussions with the
promoters to determine scope for Exim Bank's term finance.
·
To facilitate discussions, do send project profile
identifying financia requirements.
Exim Bankoffers term financeand non‑funded facilities to Indian
corporate to create infrastructure facilities to facilitate India's
international trade& thereb enhance their export capability.
1. Port
Development.
2. Software.
3. Any other
infrastructural facility for promoting India's internationa trade.
To finance development of minor ports with related infrastructural
activities which would facilitate India's international trade.
1. Indian companies
undertaking minor port projects.
2. Suppliers of equipment
to minor port development projects.
1. Construction of
ports/jetties.
2. Acquisition
of fixed assets for individual activities such as stevedoring, cargo handling,
storage and related activities like dry docks, ship breaking.
·
Interest Rate linked to Bank's Minimum Lending
Rate.
·
Term loans in foreign currency loans interest
rates he at float fixed rates. In the case of non‑funded facilities,
applicable commission is charged.
7 to 10 years inclusive of moratorium.
·
First charge on fixed assets pertaining to the
project/company financed.
·
Additional security by way of assets or
corporate guarantee moter companylpersonal guarantees may also be stipulated.
Bank welcomes preliminary discussions with the promoters to determine
scope for Exim Bank's finance.
2. Lending Programme for Software Training
Institutes
Objective
The programme seeks to address the perceived constraint in availabil
trained high‑end software professionals to support the fast growing so
exports. The programme aims at financing the establishment /expansion software
training institutes.
1. Established software
exporting company with good export track r and sound financials.
2. Reputed software
training institutes engaged in high end so training.
Eligible
Activities
·
Acquisition of fixed assets including land,
building, hardware, ware and related equipment.
·
Extending loans towards tuition fees and other
charges.
·
Any other activity connected with training that
may be agreed by Bank.
Term loans in 1ndian rupees/ foreign currency.
·
Rupee term loan linked to Bank's minimum
lending rate.
·
Foreign currency term loan at floating or fixed
interest rates based on Bank's cost of funds.
·
Interest is payable semi-annually on reducing
balances.
·
Interest tax as applicable.
Service Fee
1 % of loan amount payable upfiront.
Upto five years, based on projected cash flows inclusive of suitable
moratorium.
security
Appropriate charge on fixed assets of the company/project plus any other
security acceptable to Fxim Bank.
Bank welcomes preliminary discussions with the promoters to determine
cope for Exim Bank's finance.
Export Import Bank of India (EXIM Bank) has floated a scheme with ic
approval of Reserve Bank of India for Indian exporters to enable them to vail
of pre‑shipment credit in foreign currencies to finance cost of imported
inputs for manufacture of export products. The scheme is operated through
authorised dealers who are granted refinance by Exim Bank in foreign arrency
out of credit lines arranged by Exim Bank. Salient features of the scheme are
given hereunder:
· Exim Bank will arrange short‑term lines of credit in foreign currencies from foreign lending agencies.
·
Exim Bank will allocate bank wise limits in
foreign currencies out of funds so raised for lending by those banks to Indian
exporters.
·
The exporters will also be eligible to obtain
direct finance under the scheme.
·
Pre‑shipment credit will be made
available in any of the major international currencies in which Exim Bank
raises funds,
·
The packing credit granted under the scheme
should be within the permissible bank finance sanctioned by banks under the
existing credit policy norms laid down by Reserve Bank.
·
The credit risk arising in tile transaction
will be borne by banks through whom foreign currency funds will be disbursed.
·
The outstanding under the facility should always
be covered by firril orders/letters of credit or export receivables.
·
Financing banks should obtain credit reports
and satisfy themselves about the means and standing of the overseas buyers.
·
The foreign currency loans to be extended by
banks to their exporters should be covered with ECGC.
·
Rate of interest shall not exceed 2% over
LIBOR. In case FCPC is offered through a commercial bank which does not have
foreign branches interest rate should not exceed 2.5% over LIBOR or any other
rate as specified by RBI from time to time. Interest on refinance to commercial
banks will be mutually agreed.
·
Any commitment fee andlor management fee, if
applicable will be payable by the exporter.
·
The repayment of pre‑shipment credit will
be made out of proceeds of export shipments in respect of which the facility
availed by the exporters.
·
Maximum repayment period allowed will be 180
days from the of disbursement.
·
In case of direct loans pari passu charge will
be created on cur assets.
The export will be subject to normal exchange/trade control regulations.
The exact rate of interest will, however, depend on the foreign currency which
credit is availed.
WORKING
CAPITAL TERM LOAN PROGRAMME FOR EXPORT ORIENTED UNITS (WCTL)
WCTL programme seeks to create, enhance export capabilities of India
companies. Under the Programme, the Bank addresses the working capital (loan
component) requirements of export oriented units.
·
Units set up/proposed to be set up in Export
Processing Zones.
·
Units under the 100% Export Oriented Units
Scheme.
·
Units importing capital goods under Export
Promotion Capital Goods Scheme.
·
Units undertaking expansion /modernisation
lupgradation/diversifi tion programmes of existing export oriented units with
export orien tion of 10% of sales orexport sales of Rs.5 crores per annum
whiche is lower.
Working capital term loans in Indian rupees or in foreign currency, upto
80% of the demand loan component of working capital with a minimum 20 margin.
·
Rupee term loan linked to Bank's minimum
lending rate.
·
Foreign currency term loan at floating or fixed
interest rates based on Bank's cost of funds.
·
Interest is payable semi‑annually on
reducing balances.
·
Interest tax as applicable.
Upto 2 years, depending upon the projected funds flow of the borrowe
compan
Repayment
Bullet at the end of the loan tenor or semi‑annual installments.
Rollover of WCTL may be considered at the discretion of Exim Bank.
Appropriate charge on the fixed and/or current assets, personal
guarantees of promoter directors, corporate guarantee of group concern if
considered necessary.
·
Bank welcomes preliminary discussions with the
promoters to determine scope for Exim Bank's finance.
·
To facilitate discussions, do send project
profile identifying financial requirements.
·
Applications may be made to any of the Bank's
offices in India along with completed CMA format.
LONG TERM WORKING CAPITAL PROGRAMME FOR EXPORT ORIENTED UNITS
Objective
To provide finance for long term working capital.
.
Financially sound companies with a minimum export orientation (present
or targeted) of 10% of their net sales OR export sales of Rs.5 crores (per
year), whichever is lower.
Term loans in Indian rupees. Term loans in foreign currency.
·
Rupee term loan linked to Bank's minimum
lending rate.
·
Foreign currency term loan at floating or fixed
interest rates based on Bank's cost of funds.
·
Interest is payable on reducing balances at
half yearly rates.
·
Additionally interest tax as applicable will be
payable.
1 % of loan amount payable upfront.
Repayable in 1 ‑ 5 years, determined on the basis of projected
cash flows with suitable moratorium.
Security
One or more of the following:
·
An appropriate charge on part/ whole of the
fixed assets of ticompany, present and future;
·
Personal Guarantees of promoter directors/
Corporate Guarantee group company;
·
Pledge of marketable securities with
appropriate margin based on average of high and low of market quotations during
the preceding months (This will not be accepted as exclusive security);
·
Any other acceptable security.
·
Bank welcomes preliminary discussions with the
company officials to determine scope for Exim Bank's finance,
·
To facilitate discussions do send project
profile identifying financial requirements.
BULK IMPORT FINANCE PROGRAMME (BIF)
To provide short term working capital finance to manufacturing companic
to excess consumable inputs.
Under the programme, BIF is offered for import of eligible items wit a
minimum order size of Rs. 1 crore.
Short term loans in Indian Rupees and/or Foreign currency.
Rupee: 1 % below the interest rate on cash credit facility charged by
The, commercial (lead) banker subject to a minimum interest rate fixed by Exim
Bank.
Foreign Currency:
Depending on cost of funds to Exim Bank with maximum of 0.75% over
LIBOR.
Upto 1 year.
Pari‑passu charge on current assets.
To provide finance for import of capital goods/plant and machin
technology/know‑how.
Indian manufacturing companies.
Term loans in Indian rupees/foreign currency.
·
Based on prevailing market rates.
·
Rupee term loan linked to Bank's minimum
lending rate.
·
Foreign currency term loan at floating or fixed
interest rates base Bank's cost of funds. Interest is payable on reducing
balances at half yearly rates.
·
Interest tax as applicable.
1 % of loan amount payable upfront.
Over a period upto seven years, determined on the basis of project cash
flows with suitable moratorium.
Appropriate charge on the asset acquired out of the loan. Additionally,
one or more of the following:
·
A first pari passu charge on part/ whole of the
fixed assets of company, present and future;
·
Personal Guarantees of promoter directors/
Corporate Guarantee group company; Pledge of marketable securities with
appropriate margin based average of high and low of market quotations during
the preceding
·
6 months (Pledge of shares will not be accepted
as exclusive security);
·
Any other acceptable security.
·
Bank welcomes preliminary discussions with
thecompany officials determine scope for Exim Bank's finance.
·
To facilitate discussions do send project
profile identifying financ requirements.
To provide integrated financing for Research & Development
activities by export oriented compaies.
Financially sound companies with a minimum export orientation 20% of
their net sales for the following eligible activities and cligi expenditure.
|
Eligible R&D Activities |
Eligible
R&D Expenditure |
|
|
Basic research with no identified application, academic research normal process
control, quality control, inspection, repairs and maintenan contract research
will not be eligible under this Programme.
Term Loan in Indian Rupees (subject to a maximum of Rs.15 crores
company. Amounts in excess of Rs. 15 crores will attract normal interest rate;)
·
Concessional interest rate at 50% of the normal
interest that borrower company would be eligible for subject to a minimum of
p.a., payable with quarterly rests.
·
Interest at quarterly rests.
·
Default in loan servicing will attract
liqudated damages/penal charges @ 2% over the normal interst rate.
1% of loan amount payable upfront.
Generally not to exceed seven years, with appropriate moratorium.
One or more of the following:
·
Appropriate charge on the assets of borrower
company.
·
Assignmentof Intellectual Property Rights (IPR)
and mandate assig ing all IPR related receivables.
·
Any other acceptable security.
Bank welcomes preliminary
discussions with the company officials to determine scope for Exim Bank's
finance, expected benefits from proposed R&D expenditure, fit with
company's corporate business plans, in particular, export plans, mutual
business possibility with Exim in other areas and financial information on the
Company.
To facilitate
discussions do send project profile identifying financial requirements.
The Exim Bank offers a comprehensive financing/services package for the
software industry. These include project/equipment finance, working capital
finance, overseas investment finance, besides support for obtaining
product/process certification, export marketing, and export product
development.
To address the perceived constraint in the availability of trained
software professionals, Exim Bank extends term loans to software exporters for
establishment/expansion of software training institutes. Further, the Bank also
facilitates setting up of Software Technology Parks (STPs).
With further liberalisation in the Export Import Policy, projects, going
in for development and export of software can now approach the Export Import
Bank of India (Exim Bank) for indirect financing of their term loan
requireents.
The broad parameters of the scheme are as follows
·
A rupee term loan should be sanctioned by a
scheduled commercial bank to the software developing and exporting units (this
loan will be fully refinanced by the Exim Bank. The commercial bank will have a
2% interest spread).
·
The proposed unit should be located in an
export processing zone.
·
The term loan sought, should be for acquisition
of project related fixed assets, including imported and indigenous computer
systems.
·
Units/projects undertaking export obligation
under Government of India's Software Export Policy (1986) are also eligible.
The scheme is also extended to existing units with minimum export orientation
at 25% of the annual sales.
·
New units/projects with minimum 25% export
orientation backed by firm export market arrangements are also eligible.
·
The project cost should not exceed Rs. 5 crore.
·
The debt‑equity ratio for the project
should not be more than 2: 1.
·
The promoter's contribution should not be less
than 17.5%.
·
There should be no default in respect of any
term loan availed of earlier.
·
The maximum period of financing will be 10
years, including 3 year's moratorium.
Any existing unit or an entrepreneur setting up a new unit and
fulfilling the above mentioned parameters can approach a scheduled commercial
bank for obtaining a term loan for the said project.
It may be mentioned here that irrespective of the fact that the cost of
equity and debt is almost the same for an 100% EOU (as there is zero tax
liabihty for such units) the advantage of term loan financing is that the
merest rate can be capitalised during the construction period and built into he
project cost.
Indian Exporters, executing overseas contracts involving consultancy and
technology services, can avail of Exim Bank's financing programme, to offer
deferred payment terms to their clients, thereby enlarging the market for
Indian consultancy exports.
Indian Exporters, having corporate status or otherwise, who have secured
a contract for export of services wherein deferred payment terms rice, to he
offered to the client, can utilise the facility.
The credit may be extended to the Indian exporter either by Exim Bank in
participation with commercial banks or directly by commercial banks, who could
seek refinance from Exim Bank. The Indian Exporter would, in turn offer
deferred payment terms to the client.
Technology and Consultancy services including:
(a) providing personnel (including
skilled or unskilled workmen an persons for rendering technical or other
services);
(b) transfer of technology,
knowhow expertise of other skills:
(c) furnishing any
information, blue prints, plans or advice;
(d)
operation, maintenance and supervision of
manufacturing plants, buildings and structures;
(c) management contracts for
commercial concerns;
(f) any other activity
considered acceptable by Exim Bank.
Exporters are normally expected to obtain an advance/down payment of 25%
of contract value and remaining portion would be covered by under the
programme. The value of the contract should not be less Rs. 20 lakhs, if
deferred payment terms are to be offered.
Normally Indian rupees. Loans in other currencies can also considered,
if required.
Credit is repayable, by the Indian exporter, in half yearly installment
over period not exceeding 5 years, with a suitable grace period. Installment,
should be payable even during the grace period.
Guarantee of foreign government or a guarantee/irrevocable letter credit
of an acceptable bank would need to be obtained. Indian Exporter would also be
required to obtain ECGC insurance cover and assign the same in favour of Banks.
The
exporter would enter into an agreement with Exim Bank/participating bank(s) and
would be required to execute documents as may be scribed by Exim Bank.
·
In case deferred credit terms are to be
offered, the Indian exporter makes an application as per format (available on
request from Exim Bank) and submits it to his banker, at bid submission stage.
·
The bank forwards the application, with its
comments to all members of the Working Group, i.e. Exins Bank, Reserve Bank
India (Exchange Control Deparment), Reserve Bank of India dustrial and Export
Credit Department) and Export Credit Guarantee Corporation of India Ltd.
(ECGC).
·
Bid clearance for proposals on cash payment
terms upto bid value Rs. 5 crores and Rs. 10 crores is delegated to the
Authorised Deal and Exim Bank, respectively, while bid clearance for proposals
ceeding Rs. 10 crores in value are considered by the Working Group. All
proposals on deferred payment terms irrespective of bid value are considered by
the working groups.
·
Exim Bank calls for additional
information/clarification and convenes a Working Group meeting to discuss the
suitability of proposal and conveys the clearance.
·
After contract is finalised, Indian Exporter is
required to approach Authorised Dealer/Exim Bank/Working Group, as applicable,
postaward clearance.
·
Disbursements would be made under the terms of
letter of credit opened by the overseas client or under any agreement between
client and Indian exporter or against invoices accepted by the overseas client.
FINANCE FOR RUPEE EXPENDITURE FOR PROJECT EXPORT CONTRACTS (FREPEC)
This programme seeks to finance Rupee Expenditure for Project Exenditure
Contracts, incurred by Indian companies.
To enable Indian project exporters to meet Rupee expenditure incury
required to he incurred for execution of overseas project export contracts such
as for mobilisation/purchase/acquisition of materials and equipment
mobilisation of personnel, payments to be made in India to staff,
subcontractors, consultants and to meet project related overheads in Indian
Rupees.
Indian project exporters who are to execute project export contracts
overseas secure on cash payment terms or those funded by multilateral agencies
will be eligible. The purpose of the new lending programme is to give boost to
project export efforts of companies with good track record and so financials.
Upto 100% of the peak deficit as reflected in the Rupee cashflow stately
prepared for the project. Exim Bank will not normally take up cases involving
credit requirement below Rs. 50 lakhs. Although, no maximum amoun credit is
being proposed, while approving overall credit limit, credit‑worthiness
of the exporter‑borrower would be taken into account. Where feasible,
credit may be extended in participation with sponsoring commercial bank(s).
Disbursements will made in Rupees through a bank account of borrower‑company
against documentary evidence of expenditure incurred accompanied by a
certificate of Chartered Accountants.
Repayment of credit would normally be out of project receipts. Period
repayment would depend upon the project castflow statements, but will not
exceed 4(four) years from the effective date of project export contract. The
liability of the borrower to repay the credit and pay interest and other monies
will he absolute and will not be dependent upon actual realisation of project
bills.
a)
Hypothecation of project receivables and
project moveables.
b)
Optional: where available
·
Personal Guarantees of Directors of the company
·
Available collateral security
*Where cost is not prohibitive or where the borrower‑company is prepared
to bear the cost, packing credit guarantee of ECGC may be obtained.
Pre‑Shipment Rupee Credit
Pre‑shipment Rupee Credit is extended to finance temporary funding
requirement of export contracts. This facility enables provision of rupee
mobilisation expenses for construction/turnkey projects. Exporters could also
avail of pre‑shipment credit in foreign currencies to finance cost of
imported inputs for manufacture of export products to be supplied under the
projects, Commercial banks also extend this facility for definite periods.
Exim Bank offers Supplier's Credit in Rupees or in Foreign Currency at
post‑shipment stage to finance export of eligible goods and services on
deferred payment terms. An illustrative list of eligible goods is at Appendix
7.11. Supplier's Credit is available both for supply contracts as well as
project exports; the latter includes construction, turnkey or consultancy
contracts undertaken overseas.
Exporters can seek Supplier's Credit in Rupees/Foreign Currency from
Exim Bank for export proposals on deferred payment terms irrespective of value
of export contracts.
a) Extent of
Supplier's Credit
100% post shipment credit
extended by exporter to overseas buyer.
b) Currency of
Credit
Supplier's Credit from Exim
Bank is available in Indian Rupees or in Foreign Currency.
c) Rate of
Interest
The rate of interest for Supplier's Credit.in Rupees is a fixed and is available
on request. Supplier's Credit in Foreign Curren offered by Exim Bank on a
floating rate basis at a margin over LIBOR dependent upon cost of funds.
d) Security
Adequate security by way of acceptable letter of credit and/or guarantee
from a bank in the country of import or any third count necessary, as per RBI
guidelines.
e) Period of
Credit and Repayment
Period of credit is determined for each proposal having regard to the
value of contract, nature of goods covered, security, competition. Repayment
period for Supplier's Credit facility is fixed coinci with the repayment of
post‑shipment credit extended by Indian porter to overseas buyer.
However, the Indian exporter will repay the credit to Exim Bank as per agreed
repayment schedule, irrespective of whether or not the overseas buyer has paid
the in exporter.
Exim Bank enters into Supplier's Credit Agreement with Indian porter as
also with exporter's commercial bank in event of the latter's participation in
the Supplier's Credit. The Agreement covers details ol draw‑down
repayment, and includes an affirmation by Indian exporter that repaymet Exint
Bank would be made on due date, regardless of whether due payment have or have
not been received from buyer.
(i) Negotiation of documents:
Commercial bank negotiates export documents and seeks
reimbursement of supplier's credit amount.
(ii) Supplier Credit Claims: Commercial bank seeks
reimbursement Supplier's Credit from Exim Bank, alongwith
1.
Annexure containing particulars of shipment/s
made (drawal form and Annexure format are provided to banks at the time of
issue of sanction).
2.
Copies of shipping documents.
On satisfying itself that the disbursement claim is in order, Exim Bank
either credits the amount in Rupees under Rupee Suppier’s Credit into the
account of the commercial bank, maintained with RBI at Mumbai, or the
commercial bank's Nostro Account under foreign currency Supplier's Credit and
advises details of the amount credited to bank/exporter.
(iii) Repaymem of Supplier's
Credit: The
exporter repays prin amount of credit to Exim Bank as per agreed repayment sche
Interest amounts are payable to Exim Bank half‑yearly without moratorium.
Reserve Bank of India (RBI) has laid down guidelines for project exports
and export of goods from India on deferred payment terms. RBI guidelines
relating to Project Export contracts are contained in Memorand PEM recently
revised by RBI.
·
On Offer: Grant finance to
export oriented companies for acquin product/process quality certification,
national or international which will facilitate exports.
·
Certification Covered: Examples : ISO 9000, ISO 14000 QS 9000, CE/GS
certification, Tickit, SEI‑CMM, HACCP.
·
Quantum of Assistance: 50%
(for SSI units‑75%) of the expendit incurred on securing the
certification subject to a maximum of 15 lacs.
The Programme provides for part funding of premium paid on Product
Liability Insurance (PLI) policies of Indian exporters seeking entry into OECD
member country markets.
Maximum of Rs. 25 lacs for 3 years.
Tyres Autoparts
Vehicles Insulators
Chemicals Pressure Cookers
Strategic Market
Entry Support Programme (SMES)
·
Set up in 1993 for extending support to Indian
firms bidding multilaterally funded Projects Overseas by way of reimbursement
cost of tendering for successful bids.
·
Reimbursable costs (subject to a maximum of Rs.
15 lacs per bid): Tender document, bid preparation, bid submission & post
negotiations.
Project
Preparatory Services Overseas (PPSO) Programme
·
Set up in 1987 to promote Indian consultancy at
preparatory stages in projects overseas with potential of Multilateral Funding
downstream linkages for Indian exports.
·
Eligible Costs: Project feasibility
studies, project formulation and related advisory services
·
Railway Sector Study – Vietnam
·
Thermal Power ‑ Macedonia
·
Road Rehabilitation ‑ Uzbekistan
·
Agriculture ‑ Egypt.
Exim Bank offers a diverse range of information, advisory and suppor
services, which enable exporters to evaluate international risks exploit export
apportunities and improve competitiveness.
For Multilateral Agencies Funded Projects Overseas (MFPO): Exim Bank offers value‑added information and support services to Indian companies seeking business in project funded by multilateral agencies such as the World Bank, Asian Development Bank, African Development Bank, European Bank For Reconstruction & Development, and other official Development Agencies like the overseas Economic Cooperation Fund of Japan. Services offered include:
·
Identification of business opportunities in
funded projects.
·
Details on specific projects of interest.
·
Information on procurement guidelines, polices
and practices of multilateral agencies.
·
Assistance for registration with multilateral
agencies.
·
Advice on preparation of Expression of
Interist, Capability Profile etc.
·
Advice on bids, with regard to bid evaluation,
review of bid documents etc.
Apart from these, Exim Bank also offers support services, such as liaising with Indian missions monitoring bid performance, aids in pre‑qualification etc.
Commercial
Services: Exim
Bank undertakes customized research on behalf of interested companies, in areas
such as establishing market potential, defining marketing arrangements and
specifying distribution channels. They also assist companies in developing
export market entry plans, obtaining quality certification and display of their
products in our overseas offices.
Country
Profiles: Exim
Bank also undertakes country profiles, which assess he economic, political,
currency and credit risks involved, alongwith the export opportunities in the
country concerned.
Financial
Counselling: Exim
Bank offers advice on how to access foreign currency finance from multilateral
institutions and import lines of credit, trade finance alternatives,
collection/payment systems, as well as on the credit worthiness of business
entities and banks.
Internationalization
Support: Exim
Bank helps in identifying technology suppliers, partners, and in consummation
of domestic and overseas joint entures, through its network of alliances and
its overseas offices. They also advise companies on regularity clearances, and
facilitate tying‑up finance for quity and working capital.
International
Merchant Banking Services: Exim Bank provides advisory services to Indian exporters to enable them
to offer competitive financial packages when they bid for exports.
The Indian Textile Industry occupies a unique position in the Indian
conomy in terms of its contribution to industrial production, employment and
exports. In spite of a strong fibre and production base, for certain historical
reasons, this industry suffers from severe technological obsolescence and lack
of economies of scale. While relatively high cost of state‑of‑the‑art
technologies nd structural anomalies in the industry have been major
contributory factors, perhaps the singlemost important factor inhibiting
technology upgradation has been the relatively high cost of capital, even in
real terms, in India, especially for an industry usually squeezed for margins.
In light of the foregoing, it has been felt necessary to make
operational a focussed and time bound Technology Upgradation Fund Scherne
(TUPS) which would provide a focal point for modernisation efforts through
technology upgradation in the industry.
Technology upgradation would ordinarily mean induction of state‑of‑theirt or near‑state‑of‑the‑art technology. But in the widely varying mosaic of technology in the Indian textile industry, even a significant step up from the present technology level to a substantially higher one for such trailing segments would be essential. Accordingly, technology levels are benchmarked in terms of specified machinery for each sector of the textile industry. Machinery with technology levels lower than that specified will not be permitted for funding inder the TUF Scheme.
The following would be covered under the TUF Scheme:
(a) Cotton ginning and
pressing
(b) Textile industry
covering
·
Silk reeling and twisting
·
Wool scouring and combing
·
Synthetic filament yarn texturising, crimping
and twisting.
·
Spinning
·
Viscose Filament Yarn.
·
Weaving, knitting including non‑wovens,
fabric embroidery and technical textiles.
·
Garment/made-up manufacturing.
·
Processing of fibres, yarns, fabrics, garments
and made-ups.
(c) Jute
industry
1. Existing unit with or without
expansion and new units.
2. Existing units can
modernise andlor expand with state‑of‑the‑art technology.
3. New units must set up
their entire facilities only with the appropr eligible technology.
1. Under the TUF Scheme,
generally only new machinery will permitted.
2. However,
in case of the following machinery with aminimunaresi life of 10 years, import
of second hand machinery by the elig applicant unit will be permitted subject
to maximum expired (vintage) of 5 years as reckoned from the year of
manufacture
·
Projectile shuttleless loom
·
Machinery for jute softening and carding,
drawing, spinning weaving.
·
Autoconer
·
Rapier shuttleless loom
·
Worsted Card
·
High speed inter‑setting/Gill box/Chain
Grills/Rotary Grills/vertical Grill Box.
· Drawing Set /Roving Frames/Rubbing Frame for worsted system.
· Ring Frames with sire, spinning attachment with or without doffers for worsted system.
3. A
certificate certifying the vintage and residual life of the impo second hand
machinery must he furnished to the lending agency at appropriate time as
determined by the lending agency. Any of agencies specified in Appendix‑28
of the Handbook of Proced (Volume 1) of Exim Policy 2002‑07 (as amended
from time to time) can give such a certificate. Such a certificate is
compulsory for import of eligible second hand machinery under this scheme,
irres tive of the value of such import. A certificate from the Textile Corn
sioner will also be necessary to the effect that the equipment is indigenously
available.
4. Balancing
equipment or equipment required for de‑bottlenecking production process
would also be eligible for funding under the TUFS.
5. Waste reduction
equipment or devices will be eligible for fun under the TUFS.
6. Eligibility
of any other textile machinery equal to or higher than the benchmarked
technology not listed in the annexures or developed in the course of the
operation of TUFS will be suo motu or on reference, specifically determined by
the Technical Advisory Committee to be constituted by the Government.
7. The
size of the technologically upgraded facilitiesof anexisting unit or size of
the new unit must be of a minimum economic size.
Other Investments
Eligible
1. The
following investments will also be eligible to the extent necessary for the
plant and equipment to be installed for Technology Upgradation and the total of
such investments will not normally exceed 25% of the total investment in such
plant and machinery.
·
Land and factory building including renovation
of factory building and electrical installations;
·
Energy saying devices;
·
Effluent Treatment Plant;
·
Water Treatment Plant for captive industrial
use;
·
Captive Power Generation;
·
Preliminary and Pre‑operative expenses;
·
Margin money for working capital;
·
Contingency provisions upto 5% of the eligible
plant and machinery.
2. Investment in the installation of the following facilities including necessary equipment:
·
In‑house R&D including designs
studio;
·
Information Technology including ERP;
·
Total quality Management including adoption of
appropriate ISO/ BIS standards.
3. Investment in the
acquisition of technical know‑how.
Lending in excess ofthe
limit prescribed above in respect of these items will attract the normal lending
rates.
1. Under the TUFS, loans will be provided subject to the terms
and conditions given below:
1.
Duration of the Scheme: The scheme will be in operation for the period
of 5 years from 01‑04‑1999 to 31‑03‑2004. Loans
sanctioned by the lending agency till the last date of the duration of the
scheme period will he eligible under the scheme and the reimbursement would
continue to be available till the same is repaid as per the normal lending
period of the Nodal Agency.
2.
Amount of Loan: The assistance will be need based. There will
be no maximum or minimum limit for individual loans.
3.
Promoters' Contribution: To be decided by the lending agency on the
basis of its existing normal norms.
4. Rate of Interest:
·
Rupee Loan: Effective rate of interest
charged to the concerned borrower will be 5 percentage points lower than
prevailing commercial rates of interest charged by the Financial Institutions
and Banks concerned; the Ministry of Textiles will reimburse the 5 percentage points
under the scheme.
·
Foreign Currency Loan: As applicable for
normal for currency loan. However cover for exchange rate flucto not exceeding
5% p.a. would be provided under the scheme.
·
Period of Interest Reimbursement:
a) Interest reimbursement of 5% and/or cover for exchange fluctuation upto
5% p.a. will be available during period of loan as specified in the Letter of
Intent or as be specified in the loan document. In case of subseq extension of
the repayment period, no reimburse towards interest and/or exchange fluctuation
will available for the extended period.
b) If an account becomes a non‑performing asset (NPA) interest
reimbursement would not be available. The interest reimbursement will be
available from the date of coming out of the NPA category. In default‑
free rescheduled cases, reimbursement will be as per the original repayment
schedule.
Other conditions, viz., period of loan, security, conversion option,
Debt‑Equity Ratio etc.: Eligible units will be of minimum nomic size. Other conditions will
be such as determined the lending agency as per its existing normal norms.
Major Terms of
Exim Bank's Finance under TUFS
Amount of
loan:
The assistance will be need‑based subject to the attainment of
minimum economic size.
Promoters'
Contribution:
Minimum of 20% of the cost of the project. May be relaxed under
Production Equipment Finance Programme.
Rate of
Interest:
·
Rupee Loan: Loans under TUFS shall carry
interest at the No Applicable Rate of Exim Bank, prevailing at the time of sane
execution of loan documents. Ministry of Textiles, Governme India will provide
interest reimbursement of 5% p.a., which would credited to the loan accountof
the borrower availing of assistance under TUFS.
·
Foreign Currency Loan: As applicable for normal FC
Loan. However, Ministry of Textiles, Govt. of India would provide a cove
exchange fluctualinnq not exceeding 5% n.a.
Not to exceed 2:1 for the company/firm/project as a whole.
Exclusive charge over assets covered under the Scheme. First/second
charge on existing fixed assets and other collateral security and personal/
corporate guarantee(s) as may be required.
Not exceeding 5 to 7 years, including moratorium upto 2 years, in case
of existing or new projects respectively.
1 % of the loan amount (non refundable).
1. The Nodal Agencies under the scheme for different segments are as follows:
|
Segments |
Nodal
Agencies |
|
Textile 1ndustry (excluding SSI sector) SSI Textile Sectors Cotton Ginning &Pressing Sector Jute Industry |
IDBI SIDBI SIDBI IFCI |
Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade,
Mumbai 400 005.
·
Phone: (022) 22185272 .
·
Fax: (022) 22182572
·
E‑mail: eximcord@vsnl.com.
·
Website: www.eximbankindia.com
Sakar II, Floor 1, Next to Ellisbridge Shopping Centre, Ellisbridge
P.O., Ahmedabad 380 006.
·
Phone: (079) 6576852/6843.
·
Fax: (079) 6578271.
·
E‑mail: eximindad1@sancharnet.in
Ramanashree Arcade, Floor 4, 18, M.G. Road, Bangalore 560 001.
·
Phone: (080) 5585755/5589101‑04.
·
Fax: (080) 5589107.
·
E‑mail: eximbro@blr.vsnl.net.in
UTI House, Floor 1, 29, Rajaji Salai, Chennai 600 001.
·
Phone: (044) 25224714/49.
·
Fax: (044) 25224082
·
E‑mail: chenexim@vsnl.com
Small Farmers' Agri‑Business Consortium, Jain Complex, 3rd Floor,
G. S. Road, Near Dispur Old P.O., Guwahati 781005
·
Phone: (0361)‑2340377/2340342.
·
Fax: (0361)‑2599113
Golden
Edifice Building, 2nd Floor, 6‑3‑639/640, Raj Bhavan Road,
Khairatabad, Hyderabad 500 004.
·
Phone (040) 23307816 – 21.
·
Fax: (040) 23317843
·
Email: eximhyd@vsnl.net
5A and 5B Park Plaza, 71, Park Street, Kolkata 700 016.
·
Phone: (033) 22293416 – 17/22494630.
·
Fax: (033) 22172357
·
E‑mail: eximca@vsnl.com
Maker Chambers IV, Floor 8, 222, Nariman Point, Mumbai 400 021,
·
Phone: (022) 22830761/22823320.
·
Fax: (022) 22022132
·
E‑mail: eximwrro@vsnl.com
Ground Floor, Statesman House, 148, Barakhamba Road, New Delhi 110001
·
Phone: (011) 23326375/6625.
·
Fax: (011) 23322758/23321719
·
E‑mail: eximnd@vsni.com
44, Shavikarseth Road, Pune 411037
·
Phone: (020) 645 8599.
·
Fax: (020) 645 8846
·
E‑mail: eximpune@vsnl.com
Floor 3, Unit 308, ECE City Centre, Bajesy‑Zsilinszky UT. 12, 1051
Budapest, Hungary
·
Phone: (00361) 3382833/ 3176699.
·
Fax: (00361) 3178354
·
E‑mail: eximindia@axelero.hu
158, Jan Smuts, Ground Floor, 9, Walters Avenue, Rosebank, Johannesburg
2196, P.O. Box 2018, Saxonwold 2132,
Johannesburg, South Africa
·
Phone: (002711) 4428010/4422053.
·
Fax: (002711) 4428022
·
E‑mail: eximindia@icon.co.za
Via Disciplini, 7, 20123 Milan, Italy
·
Phone: (003902) 58430546.
·
Fax: (003902) 58302124
·
Email: exim.india@tin.it
20, Collyer Quay, #10‑02 Tung Centre, Singapore 049319
·
Phone: (0065) 65326464.
·
Fax: (0065) 65352131
·
E‑mail: eximbank@singnet.com.sg
Washington D.C.
1750 Pennsylvania Avenue N.W., Suite 1202, 12th Floor,Washington D.C. 20006
U.S.A.
·
Phone: (001) 202‑223‑3238/3239.
·
Fax: (011) 202‑785‑8487
·
E‑mail: indexim@w(jrldnet.att.net
List of goods in respect of which commercial export
credit may be offered by Indian exporter
|
A.
CAPITAL
AND PRODUCER GOODS Air
compressors Air
conditioning, heating, cooling, fume extraction, dust collection,
humidication and ventilation equipment for industrial use including blowers
and exhaust fans. Alcohol
and brewery plant Aluminium
plant and equipment. Asbestos
cement machinery. Cement
machinery. Cinematography
equipment for motion picture and television studios. Chemical
and pharmaceutical plant and machinery. Cigarette
making machinery. Coffee
processing machinery. Coke over, plant and equipment. Coke
oven refractories. Control
and Process Instruments including X/Rayequipment for Industrial Applications. Copper
Ore concentration machinery. Dairy
equipment and animal feed plant. Earth
moving equipment like crawler iracters, shovels, excavators, loaders,
dumpers, etc. Edible
Oil Mill machinery and oil expellers. Electric
motors and pumps. Electronic
Data Processing equipment. Fertilizer
Plant and equipment. Flour,
rice and dal milll machinery. Food
processing plant. Foundry
equipment including mould making machinery, Sand and Shot blasting equipment. Freight containers. Garage
equipment. Gas
and air separation plants. Glass
and Ceramic machinery. Heat
Exchangers. Integrated
Steel Plants (complete or in parts), mini steel plants (electric anr and
reduction furnaces), Rolling Mills and other finishing lines for ferrous and
non‑ferrous metals. Ice‑making
machinery. Industrial
boilers. Industrial furnaces. Solvent
extraction machinery. Spraying
equipment. Steam,
diesel and petrol engines. Steel
fabrication for bridges, factories. etc. Steel
rails and railway track equipment including sleepers, fishplates, points and
crossings, Steel
shuttering and scaffolding materials. Steel
tanks. Sugar
(including Khandsari) machinery. Telcommunication
and signalling equipment. Textile
machinery. Tractors
and Trailers. Vending
machines. Water
supply equipment including pumping plant, large diameter fabricated steel
pipes, C.I. spun pipes and storage tanks, water treatment and sewage
treatment plant. Weight
bridges. Welding
machinery Wood
woiking machinery. B.
OTHER GOODS Agricultural
implements. Auto
Parts. Bicycles,
motor‑eyetes, scootens, mopeds and Parts. Construction
materials including sanitary ware, tiles and precast cement products, false
ceiling, flooring materials, pipes, decorative laminates, fittifigs
electricals and steclIaluminium deors and windows, provided they are exported
as separate items and not as items farming part of civil
construction/turinkey project. Agicuiturat
chemicals and industrial chemicals. |
Industrial switchboards, Control panels, circuit breakers, air break switches: Jute
machinery. Leather
inning and Processing machinery. Machine
tools. Machinery
For manufacturing air‑conditoners bicycles, corts, electrical goods, enamelware,
hard board, metal containers, radios, razor blades, refractories and sewing
maxhines, shoes, steel furnitures, wire‑ropes and cables, etc. Machinery
for manufacturing any product figuring in Part B of this List, not shoes,
separately in this Part. Material
handing equipruent like foak electric lifts, cranes, hoists, etc. at veyor
systems.
Metal
working machinery. Mining
machinery. Motor
vehicles and chassis, including three wheelers. Oil
drilling rigs. Oil
refinery equipment. Packaging
and weighing machinery. Pile
foundation machinery. Plastic
machinery. Power
generation, transmission and distribution equipment including boilers,
generators, transformers, switchgears, transmission line towers conductors,
cables, sub‑station equipment and pro equipment. Power
line carrier communication equipment Power station structures, hydraulic
structures like pen‑stocks, gates and gearing station structures. Pressurse
vessels. Printing
and book‑binding machinery. Pulp
and paper mill machinery. Railway
electrification equipment and sturctures and railway signalling equipment. Railway
rolling stock including locomotives wagons, coaches and trolleys. Rubber
machinery. Road
and construction equipment in road rollers, tar boilers, continuous plants,
stone crushers, asphalt mixers and vibrators. Ship, boats, trawlers, steamers, launches,
barges. Pressure
coolers, watches and clocks, knitting/sewing machines, vacuum flasks,
cutlery, plastic moulded luggage. Domestic
electric appliances. Drugs
and pharmaceuticals. Electrical
equipment including low tension insulaters, batteries and accumulators, parts
of electrical machinery and lamps, fuses and electrodes for industrial
application. Electronic
components. Electronic
goods including radios, TV, Public Address Systems, record players, tape
recorders. Fibreglass,
PVC & Plastic based products including pipes and tubes, tyre cord. Ferrous
& Non‑fewreaus castings, forgings, stampings, extrusions and rolled
products. Ferrous/Non‑ferrous
pipes, tubes, sheets, strips, fails, rods, wire, wire ropes. Healing and cooling equipment including air
conditioners, refrigerators, water coolers. Industrial
rubber products including tyres and tubes, cots and aprons, conveyor bells,
rubber rollers, hose pipes, Instruments
for measurements, scientific survey and for surgical applications. Industrial
fasteners, bearings, valves, gears and gaskets. X‑ray
and other electro‑medical and other hospital equipinimit. Office
equipment including typewriters, calculators, duplicatiors, teleprinters. Metal and plastic furniture. Hand
tools, cutting tools, grinding wheels, moulds, dies. Gas
Cylinders, fire fighting equipment, photographic equipment, helmets,
including firbreglass helmets. |