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EXPORT IMPORT NEWS
EXPORT-IMPORT BANK
NEWS
Stakeholders' seminar Exim Bank conducts training for women in Rudraprayag
on Project Export by Exim Bank has said that it has Panchachuli Women Weavers Associa-
organised a training programme for tion, brings together over 300 women
EXIM Bank women in Rudraprayag district of from seven of the worst affected vil-
Uttarakhand to provide sustainable lages into groups to teach them spin-
EXIM Bank organized a "Stakeholders livelihoods to affected families after ning, knitting, embroidery and weav-
Seminar on 2013 floods. ing under four common facility cen-
Project Ex- ters," it added.
ports" in New Post the devastating floods at the
Delhi, with the temple town in Kedarnath in June In the training programme, a total of
2013, Exim Bank organised a training 30 rural women are getting trained,
objective to develop a concrete road- programme with a view of providing Exim Bank said.
map to give a quantum boost to sustainable livelihoods and women
India's Project Exports in order to give empowerment to the affected families The training involves spinning, weav-
a major fillip to manufactured exports in the region of Dewali-Bhanigram vil- ing, knitting and embroidery to develop
and employment generation in India. lage in Rudraprayag, it said in a re- hand woven and knitted products like
lease. shawl, stoles and scarves made from
The keynote address was delivered rare wools such as Tibetan and Mon-
by Shri Yaduvendra Mathur, Chair- "Mandakini Women Weavers Associa- golian cashmere, lambswool, eri silk
man and Managing Director, EXIM tion, which was promoted by and local fibres and materials.
Bank, who highlighted the Bank's
endeavours to provide further impe- Exim banks of India and Malaysia ink financial co-op pact
tus to Indian Project Exports by con-
stantly devising innovative financing Export Import Bank said it has inked an eration... in providing funding support
programmes and products, while agreement with its counterpart in Ma- for Indian companies setting up opera-
tapping the increasing opportunities laysia to strengthen financial coopera- tions in Malaysia, and Malaysian com-
emerging in Asia, and Africa. tion. The memorandum of understand- panies setting up operations in India,"
ing (MoU) will also help guaranteeing the statement said.
Project exports are a measure of a and other financial mechanism to sup-
nation's economic development and port projects of interest to both the The pact was signed by Yaduvendra
EXIM Bank has been playing the cru- banks, Exim Bank said in a statement. Mathur, Chairman and Managing Di-
cial role of a coordinator and facili- rector, Export-Import Bank of India,
tator for the promotion of Project "While both these institutions are co- and Norzilah Mohammed, Acting Chief
Exports covering overseas industrial operating with each other under the Executive Officer, Export-Import Bank
turnkey projects, civil construction umbrella of Asian Exim Banks Forum, of Malaysia Berhad, in Tokyo on the
contracts, supplies as well as techni- through this MoU, both these institu- sidelines of the Annual Meeting of the
cal and consultancy service contracts tions intend to identify areas of coop- Asian Exim Banks Forum (AEBF).
out of India.
26 | 2016 | JANUARY | BANKING FINANCE
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