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Merchandise exports for Q4 may total $78.6 billion: Exim Bank


Merchandise exports for Q4 may total $78.6 billion: Exim Bank
ANI |
Updated: Mar 15, 2021 16:49 IST
Mumbai (Maharashtra) [India], March 15 (ANI): Export-Import Bank of India (India Exim Bank) forecasts India s total merchandise exports to amount to 78.6 billion dollars during the fourth quarter of 2020-21, growing at 4.9 per cent year-on-year.
Non-oil exports are likely to total up to 73.9 billion dollars in Q4, growing at 12 per cent from 65.9 billion dollars in the year-ago period.
Consequently, aggregate exports for 2020-21 are forecast to amount to 279.4 billion dollars, witnessing a contraction of 10.8 per cent over 2019-20.
Non-oil exports are forecast to amount to 256.8 billion dollars, witnessing a contraction of 5.6 per cent over 2019-20. ....

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India inks $50 million defence LoC agreement to bolster Maldives' maritime capabilities


India inks $50 million defence LoC agreement to bolster Maldives maritime capabilities
The $50 million credit line agreement for defence projects was signed between the Finance Ministry of Maldives and the Export Import Bank of India
PTI | February 21, 2021 | Updated 15:15 IST
India on Sunday reiterated its commitment to the Maldives security and signed a $50 million defence Line of Credit agreement with it to boost the maritime capabilities of the strategic island nation. The $50 million credit line agreement for defence projects was signed between the Finance Ministry of Maldives and the Export Import Bank of India.
The signing of the agreement took place after External Affairs Minister S Jaishankar held talks with Maldivian Defence Minister Mariya Didi, Minister of Finance Ibrahim Ameer, Minister of Economic Development Fayyaz Ismail and Minister of National Planning, Housing and Infrastructure Mohamed Aslam. ....

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Govt to infuse Rs 1,500 cr into Exim Bank next fiscal

Exim Bank is the principal export credit agency in India and the capital infusion will give an impetus to new initiatives such as supporting Indian textile industry, likely changes in the concessional finance scheme, likelihood of new letters of credit in future in view of the country s active foreign policy and strategic intent. ....

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