Exim Bank, Basix ink MoC for export promotion

Export Import Bank of India (Exim Bank) and Hyderabad-based Basix, a livelihood promotion institution, have announced a tie-up for promoting exports from the state and elsewhere.

The two institutions on Saturday signed a memorandum of cooperation (MoC) to signal this joint initiative.

The two institutions have agreed to promote export-oriented livelihoods among the economically-active rural and urban poor households as well as among small enterprises on agreeable terms, a press release said.

They have also agreed to leverage their respective strengths and exchange regular information on international markets for various products, technology, trade, business and investment opportunities to facilitate increased cooperation for commercialisation of India's rural sector in overseas market.