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Exim Bank of India
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Exim Bank of India Collaborates with JBIC to Promote Infrastructure Development

Sep 04, 2014   16:10 IST 
Mumbai, Maharashtra, India

Chairman & Managing Director of Export-Import Bank of India (Exim Bank) Mr. Yaduvendra Mathur and Governor & CEO of Japan Bank for International Cooperation (JBIC) Mr. Hiroshi Watanabe signed a Memorandum of Understanding (MoU) in Tokyo on September 1, 2014.

The objective of the MoU is to jointly explore the possibility of infrastructure development collaboration to enhance connectivity and regional integration between India and its neighbouring countries. Under the MoU, both the institutions will also explore the possibility of financing business opportunities in other countries, such as African countries where Indian and Japanese companies have a presence, to promote economic cooperation and industrial development.

In January this year, the Government of India and the Government of Japan had announced their intention to further cooperate in building infrastructure that will improve connectivity and regional integration between India and its neighbouring countries to support cross border business activities thereby contributing to economic growth and development in the region.

This collaboration between Exim Bank and JBIC will help Indian and Japanese companies to participate in critical infrastructure development projects for the region’s development,” said Mr. Watanabe.

Emphasising on the importance of the MoU, Mr. Mathur said, “It reinforces the strong commercial relationship between Indian and Japan. The availability of financing from the both the institutions will also allow Indian and Japanese companies to realize their full potential in infrastructure development projects.”

About JBIC:

JBIC is a policy-based financial institution of Japan, and conducts lending, investment and guarantee operations while complementing the private sector financial institutions. JBIC's mission is to contribute to the sound development of Japan and international economy and society by conducting financial operation in the following four fields: Promoting the overseas development and securement of resources which are important for Japan; Maintaining and improving the international competitiveness of Japanese industries; Promoting the overseas business having the purpose of preserving the global environment, such as preventing global warming; Preventing disruptions to international financial order or taking appropriate measures with respect to damages caused by such disruption. For more information, please visit: 

About Exim Bank:

Export-Import Bank of India is the premier export finance institution of the country. It commenced operations in 1982 with a mandate to not just enhance exports from India, but also to integrate the country’s foreign trade and investment with the overall economic growth. Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Commencing operations as a purveyor of export credit, like other Export Credit Agencies in the world, Exim Bank of India has evolved into an institution that plays a major role in partnering Indian industries, particularly the Small and Medium Enterprises through a wide range of products and services offered at all stages of the business cycle, starting from import of technology and export product development to export production, export marketing, pre-shipment and post-shipment and overseas investment.    For more information, please visit:

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