Invest in tech goods manufacturing: Exim Bank

Written by fe Bureau | Chennai | Updated: Jun 26 2013, 21:01pm hrs
With the Indian rupee on a downward swing, the Export-Import Bank of India (Exim Bank) has said that it is time to invest in technology goods manufacturing while calling on the corporates to seize the opportunity, for which the bank will offer necessary assistance.

This move will cut the dependence on imports as the technology goods industry will be provided with input materials domestically, it said.