Exim Bank has extended its support to 41 companies that have 175 ongoing export contract projects in construction, turnkey and consultancy. The bank’s exposure is currently valued at over $9 billion are spread across 34 countries in Asia, Africa and Europe, SR Rao, executive director, said. Inaugurating a two-day seminar in the city on business opportunities in Asian Development Bank (ADB) funded projects, Rao said though the value of project exports of over $9 billion appears impressive, the untapped potential is even more enormous.
The projects range from power generation, transmission, distribution, dams, tunnels, oil exploration, operation and maintenance of civil works, export of capital goods, transport equipment and consultancy services, Rao said. The Asian region is the major destination for India?s project exports. This is evident from the fact that the region accounts for 75% of the total value of ongoing contracts under execution by Indian project exporters with support of Exim Bank and 60% of the total value of ongoing contracts under execution are in west Asia region alone, said Rao.
