Stimulus to help project exporters in capacity building: Exim Bank CEO

Bank has identified import-oriented sectors like capital goods, chemicals, and defence, says David Rasquinha.

David Rasquinha,  managing director and CEO of Exim Bank, tells Indivjal Dhasmana recovery in exports could be soon there even as the outbound shipments contracted over five per cent in October after showing a brief rise inSeptember.  He says the economic recovery may be gradual till a vaccine for Covid-19 is made available to all. Edited excerpts:

Rs 3,000 crore stimulus for Exim Bank seems a meagre amount. Don't you think so?

As India’s ECA (export credit agency), the Bank is increasingly engaging with other developing countries in Asia, Africa, LAC  (Latin American and the Caribbean) and CIS (Commonwealth of Independent Sttates) regions in