Exim Bank to double exposure to Indian corporates
Exim Bank plans to double its exposure to Indian corporates from the existing $3.4 billion during the next year.
By PTI |
NEW DELHI: The Export Import (EXIM) Bank of the United States plans to double its exposure to Indian corporates from the existing $3.4 billion during the next year.
Currently, the outstanding loan guarantee to Indian corporates is about $3.4 billion and the preliminary commitments for future is to the tune of $6 billion, bank's Chairman and President James H Lambright said at a CII function here on Friday.
"These commitment are mainly from Jet Airway and Air India to buy aircraft from Boeing to expand their fleet size," he said.
Besides there are other infrastructure related financing for capital equipment which may come during course of time, he added.
India is an important market for Exim Bank and is attracting large investment in infrastructural development projects, he said, adding that the institution is looking to finance large imports of equipment from American suppliers for building infrastructure projects in India.
In addition to preliminary commitments, there are outstanding letters of interest for India amounting to $1.9 billion, he said.
In the past, the institution had given loan guarantee to Reliance Communications, Reliance Petroleum and Air India.
Currently, the outstanding loan guarantee to Indian corporates is about $3.4 billion and the preliminary commitments for future is to the tune of $6 billion, bank's Chairman and President James H Lambright said at a CII function here on Friday.
"These commitment are mainly from Jet Airway and Air India to buy aircraft from Boeing to expand their fleet size," he said.
Besides there are other infrastructure related financing for capital equipment which may come during course of time, he added.
India is an important market for Exim Bank and is attracting large investment in infrastructural development projects, he said, adding that the institution is looking to finance large imports of equipment from American suppliers for building infrastructure projects in India.
In addition to preliminary commitments, there are outstanding letters of interest for India amounting to $1.9 billion, he said.
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In the past, the institution had given loan guarantee to Reliance Communications, Reliance Petroleum and Air India.
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