: The Exim Bank of India aims to boost project exports to over $50 billion from the current levels of $27 billion in the next five years through its innovative initiatives and by leveraging the increasing opportunities in Asia and Africa, Chairman and Managing Director Yaduvendra Mathur said here on Thursday.
Addressing a seminar, Mr. Mathur said project exports would be linked to job creation to get preferential treatment from the government. Henceforth, he said, whatever the projects had been exported emphasis needed to be given to generate employment opportunities in India and also work on establishing brand India, echoing the Prime Minister’s vision. When industry asked for concessions from the government, it also needed to look into job creation opportunity, he added.
The bank has been promoting project exports, covering overseas industrial turnkey projects, civil construction contracts, supplies as well as technical and consultancy service contracts out of India.
Exim Bank, in collaboration with the African Development Bank, is also setting up a Project Development Company (PDC) in Africa to identify and develop infrastructure projects with the objective of providing the Indian private sector an opportunity to invest in and implement such projects in Africa.
