Page 18 - Banking Finance JANUARY 2017
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EXPORT IMPORT NEWS
EXPORT-IMPORT BANK
Exim extends help to Exim Bank wins Asset Triple A Country Award 2016 for
Aharam women weavers Best Investment Grade Bond
Export-Import Bank of India recently The Export-Import Bank of India has won the Asset's Triple A Country Award 2016
extended for Best Investment Grade Bond. The award was
support to given for the Exim Bank's debut 144A / RegS deal.
A h a r a m Speaking on the occasion, Mr. Yaduvendra Mathur,
Wea ver s Chairman and Managing Director of Exim Bank,
by way of said, "We are honoured to receive this award which
organizing is a significant recognition in our endeavour to set
a skill development and capacity a benchmark for other issuers from India seeking longer tenor funds from the
building training programme for international debt capital market. We would like to thank all our investors who
women weavers. trusted in us and helped in making this the Bank's largest ever bond issue".
Aharam Weavers is a fair trade pro- Mr. David Rasquinha, Deputy Managing Director of Exim Bank, commented,
ducer owned company having its "The award further cements the achievement made through this outstanding
handloom weaving unit at a village deal. This was the first time Exim Bank tapped the deep and wide 144A market
near the foothills of Kodaikanal, Tamil and the bond was very well received by investors with a book that was over two
Nadu, engaged in producing organic times oversubscribed despite tightening 22.5 bps from initial guidance."
cotton products of which 90% are ex-
ported to the overseas markets. Exim Bank releases study titled'Inter-linkages between
The Exim Bank's support laid empha- Exports and Employment in India'
size on training semi-skilled and non- A Study on "Inter-linkages between Exports and Employment in India" conducted
skilled women weavers in several pre- by Exim Bank has been released at a Seminar based on the theme of the Study
looming & post-looming activities in New Delhi.
which resulted in making products us- The Study highlights that, employment growth has been sluggish despite India's
ing the handloom. fast economic growth since the 1990s. Export growth has the potential to gen-
Exim Bank's General Manager, Ms. erate large scale employment as India has a comparative advantage in labour-
Deepali Agrawal mentioned, "The intensive products. Utilizing an input-output (IO) model, this study provides esti-
Bank has taken up the responsibility mates of the direct and indirect jobs supported by merchandise and services
to preserve Indian traditional art & exports from the early 2000s.
craft. So far many such skill develop- The study makes use of the official Input-Output Tables (IOTs) for the benchmark
ment workshops pan India have been years 1998-99, 2003-04, 2007-08 as well as the recently published Supply Use
conducted". Tables (SUTs) for 2011-12 and 2012-13.
18 | 2017 | JANUARY | BANKING FINANCE
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