EXIM Bank signs MoU with Korea

Mr. David Rasquinha, Managing Director (Additional Charge), Export-Import Bank of India and Mr. Jongku Choi, Chairman & President, The Export-Import Bank of Korea signed the MOU at Seoul, The Republic of Korea to utilise the Exposrt Credits of US $ 9 billion for supporting priority secors, including smart cities, railways, power generation and transmission, and other sectors as may be mutually agreed. 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.

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.

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