Export-Import Bank of India and The Export-Import Bank of Korea sign MoU

Export-Import Bank of India and The Export-Import Bank of Korea sign MoU to utilise the Export Credits of US Dollars Nine Billion for supporting priority sectors

Mr. David Rasquinha, Managing Director (Additional Charge), Export-Import Bank of India and Mr. Jongku Choi, Chairman & President, The Export-Import Bank of Korea at the MOU signing ceremony on Wednesday, June 14, 2017 at Seoul, The Republic of Korea. The ceremony took place in presence of the Hon’ble Finance Minister of India, Mr. Arun Jaitley and Deputy Prime Minister and Finance Minister of South Korea, Mr. Kim Dong-yeon.

A Memorandum of Understanding (MoU) was signed today between Export-Import Bank of India and The Export-Import Bank of Korea, to utilise the Export Credits of US Dollars Nine Billion for supporting priority sectors, including smart cities, railways, power generation and transmission, and other sectors as may be mutually agreed. The MoU was signed by Mr. David Rasquinha, Managing Director (Additional Charge), Export-Import Bank of India and Mr. Jongku Choi, Chairman & President, The Export-Import Bank of Korea in Seoul on the sidelines of the Fifth India – Korea Finance Ministers’ Meeting.

With the Memorandum of Understanding in place, Export-Import Bank of India and The Export-Import Bank of Korea will endeavour to promote projects in India and support the supply of goods and services from India and Korea as part of projects in third countries.

Exim Bank aims to promote India’s international trade and investment. The Bank offers Indian companies a comprehensive range of products and services, supported by analysis and research, with a view to enhancing their international competitiveness. The Bank aggressively supports Indian exporting companies, especially medium-sized enterprises, in their globalisation efforts through a variety of lending programmes.

For further information, please contact:

Mr. Samuel Joseph, 
Chief General Manager, 
Export-Import Bank of India, 
Centre One Building, Floor 21, 
World Trade Centre Complex, 
Cuffe Parade, Mumbai 400005. 
Telephone 22172644, Fax: 22182497; 
E-mail: [email protected]