Tarun Sharma has two decades of global experience in trade, competitiveness, industry and infrastructure development and policy.
Tarun is currently heading Exim Bank's New Delhi Regional Office with responsibilities covering
(i) support to Indian companies by structuring finance to support trade and investment endeavours,
(ii) credit facilities to partner countries,
(iii) manage a newly set up special purpose facility to support strategic projects globally.
Tarun is also tasked with handling the Bank’s Government Affairs, and contributing to policy formulation.
During September 2011 to May 2015, Tarun’s responsibilities covered support to sovereign and parastatal agencies in developing countries, and addressing priorities through supporting projects under flagship programmes including Lines of Credit and Buyer’s Credit under the National Export Insurance Account.
Prior to this, Tarun was a Consultant with the World Bank’s Capacity Development and Partnerships Unit (Africa Region) in Washington, DC, during March to August 2011. Tarun’s role was to evaluate successful models for adapting in Africa, and facilitate partnerships between African countries and new development partners such as India. The study was aimed at contributing towards a transformational change in Africa, and supporting the implementation of the World Bank's new strategy for Africa.
During October 2004 to March 2011, Tarun was the Bank’s Resident Representative (Americas) based in Washington, DC, where his responsibilities included facilitating (i) extension of lines of credit to developing countries in Latin America and the Caribbean (ii) trade and investment in the Americas through private sector financing and advisory services.
Tarun’s work, during the past two decades with Exim Bank, also covers various functional groups at the Bank’s Headquarters in Mumbai, including a stint as Executive Assistant to the Chairman and formulation of the Bank’s business strategy, identifying cross country competitive practices. Tarun has authored a book ‘Project Exports: Connecting Continents with Indian Expertise’, exploring the instrumental role that project exports are capable of playing in India’s quest for a sustainable rapid economic growth.
Tarun has a bachelor’s degree in engineering from Pune, followed by a post-graduate programme in management studies from Mumbai, and an advanced executive management program from Cornell University in the U.S.
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