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Delegate Profile

Mr NIRMIT NARENDRA VED
GENERAL MANAGER
EXPORT-IMPORT BANK OF INDIA
India
W : www.eximbankindia.in
 
Industry / Sector
Financial Services
Personal Profile
Mr. Nirmit Ved joined India Exim Bank in 2000 and is presently posted at the Bank’s New Delhi office, heading the Bank’s Lines of Credit Group and the Government Affairs Cell. He has earlier worked in various groups of the Bank at its Head Office, including Corporate Banking, SME, Business Development and Project Exports. He has also headed the Bank’s Mumbai regional office and the Bank’s overseas offices in Budapest and Dubai, where he was instrumental in setting up of the office. Mr. Ved led a team from the Bank to the CLMV countries as a part of an assignment of the Ministry of Commerce & Industry, Government of India (GoI), to conduct preliminary research for potential for Indian investments in the region, under the GOI’s Act East Policy. He is a certified assessor for the CII-Exim Bank Award for Business Excellence, instituted with the aim of enhancing the competitiveness of Indian companies. He has also served on the Board of few companies.
Company Profile
EXPORT-IMPORT BANK OF INDIA - 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 and 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 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 (LOC) 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. 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 projects or for acquisition of companies overseas. The service is provided on a success fee basis. The Bank supports the internationalisation 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. For more information, visit www.eximbankindia.in.