David L. Sinate is Chief General Manager in charge of Research and Analysis Group at the Bank’s Headquarters in Mumbai. Mr. Sinate’s areas of specialization include international trade and finance. He supervises and coordinates the research activities in the Bank, which include: analysing and monitoring global trade and economic developments, both at regional and country level; preparing regional/ country profiles and assessing country risks and potential; with a view to identifying India’s trade and investment potential. He has represented Exim Bank of India in seminars and meetings both in India and overseas.
Prior to joining Exim Bank of India in 1998, he worked as Research Officer in the Reserve Bank of India, Central Office, Mumbai. Mr. Sinate obtained his Bachelors degree (Economics Honours) from Delhi University, and Masters degree (Economics) from Jawaharlal Nehru University, New Delhi.
Export-Import Bank of India (Exim Bank) was set up in 1982 by an Act of Parliament for financing, facilitating and promoting India’s foreign trade. It is the principal financial institution in the country for coordinating the working of institutions engaged in financing exports and imports. Exim Bank is fully owned by the Government of India.
The Bank provides financial as well as value-added services to Indian exporters. Assistance is given to export-oriented units (EOUs) by way of term loans in Indian rupees or foreign currencies for setting up new production facilities, expansion/modernization or upgradation of existing facilities and for acquisition of production equipment or technology. The Bank lays special emphasis on extension of Lines of Credit to overseas entities, national governments, regional financial institutions and commercial banks. The Bank extends Buyers’ credit and Suppliers’ credit to finance and promote India’s exports and also has a programme called the Buyer’s Credit under National Export Insurance Account (NEIA) to facilitate medium and long term exports from India.
To promote hi-tech exports from India, the Bank has a lending programme to finance research and development activities of EOUs. The Bank has a Marketing Advisory Services programme, to assist Indian companies in identification of prospective business partners, facilitating placement of final orders and also identification of opportunities for setting up plants or projects or for acquisition of companies overseas. The service is provided on a success fee basis.
The Bank supports the internationalization endeavours of Small and Medium Enterprises (SMEs) and has also put in place a Technology and Innovation Enhancement and Infrastructure Development Fund to meet foreign currency capital requirements of Indian exporters, especially SMEs.
Exim Bank supplements its financing programmes with a wide range of value-added information, advisory and support services, which enable exporters to evaluate international risks, tap export opportunities and improve competitiveness, thereby helping them in their globalisation efforts.
To know more about the Bank, visit: www.eximbankindia.in