“We are looking to borrow $3.5 billion from overseas markets and Rs 8,000 crore from domestic sources this financial year,” Exim Bank’s deputy managing director Debasish Mallick said.
In the domestic market, Exim Bank raises funds mainly through private placements.
Mallick said now Indian entities with their better execution capabilities have the ability to make inroads into the tough Asian markets despite intense competition from the Chinese.
Exim Bank provides finances broadly in three segments – overseas investment finance scheme, project exports and lines of credit, which is government to government credit.
Apart from supporting export oriented companies, the bank provides financial assistance to Indian companies going for overseas acquisition or implementing projects outside India. It also supports airports and ports facilitating exports.