Exim Bank of India and the Government of Andhra Pradesh have entered into a Memorandum of Understanding (MoU) for promotion of exports from the state.
The MoU was signed by Yaduvendra Mathur, Chairman and Managing Director of the bank, and Shamsher Singh Rawat, Secretary and Commissioner for Industrial Promotion, Government of Andhra Pradesh.
Exim Bank seeks to support exporters having operations in Andhra Pradesh in achieving higher exports by facilitation of market linkages through its market advisory services, which will assist in identifying suitable partners.
Besides, it will help develop skills through capacity building workshops, help exporters’ participation in select trade fairs and exhibitions, and through research activities.
Exim Bank would also use its strong institutional linkages that it has developed over the years with institutions in advanced markets like the US, Singapore, Japan, Australia, EU, etc, and facilitate technology transfer to the technology-seeking enterprises in Andhra Pradesh.
"With its presence through a Regional Office in Hyderabad, the bank is desirous of further extending funding facilities to exporters from the State so as to provide them opportunity to access the global market,’’ it said in a release issued here on Monday.