On 24 June 2025, Mumbai (Maharashtra) based Export Import Bank of India (EXIM Bank) hosted the Trade Conclave 2025 in New Delhi (Delhi). This significant event focused on strategies to build export-led growth essential for achieving the vision of Viksit Bharat (Developed India).
- India’s total exports surged to an all-time high of USD 825 billion (approx. Rs. 68.7 lakh crore) in Financial Year 2024-25 (FY25), registering a robust 6.3% growth.
- India’s export growth outperformed the global trade growth of 4%. This rise is mainly due to sectors supported by the Production Linked Incentive (PLI) scheme. PLI-backed exports have crossed Rs 5.3 lakh crore (USD 62 billion), driven by electronics, pharmaceuticals, food processing, and telecom industries.
Key People: The event witnessed participation of Union Minister Nirmala Sitharaman, Ministry of Finance (MoF) and Ministry of Corporate Affairs (MoCA); Union Minister of State (MoS) Pankaj Chaudhary, MoF; M. Nagaraju, Secretary, Department of Financial Services (DFS), MoF; Harsha Bangari, Managing Director (MD) of EXIM Bank of India and other officials.
Highlights of the conclave:
i.Union Minister Nirmala Sitharaman virtually inaugurated new EXIM Bank offices in Lucknow (Uttar Pradesh, UP), Indore (Madhya Pradesh, MP), and São Paulo (Brazil). These offices will support exporters and facilitate market access.
ii.Sanction letters were presented to select Small and Medium Enterprises (SMEs) supported under this scheme.
iii.EXIM Bank signed a technical assistance with Kanpur (UP) based Indian Institute of Technology Kanpur (IIT Kanpur) to support high-potential startups.
Government Initiatives Highlighted:
Union Minister Nirmala Sitharaman emphasized major steps empowering Indian exporters
i.India’s first trade facilitation initiative, Trade Assistance Programme(TAP) supports exporters in high-risk markets by filling finance gaps.
- Since its launch in 2022, it has partnered with over 100 overseas banks and facilitated over 1,100 export transactions across 51 countries.
ii.Micro, Small and Medium Enterprises (MSMEs) benefit via revised definitions, Udyam registration, revamped Credit Guarantee Schemes, the Trade Receivables Discounting System (TReDS), and EXIM Bank’s Ubharte Sitaare Programme.
iii.Enhanced access to trade finance through platforms like the International Trade Financing Services Platform (ITFS) and Gandhinagar (Gujarat) based Exim Finserve IFSC Private Limited, EXIM Bank’s subsidiary in GIFT City (Gujarat International Finance Tec-City), offering export factoring.
iv.Under the Districts as Export Hubs initiative, enabling exporters to operate directly from local districts beyond Special Economic Zones (SEZs).
About Export Import Bank of India (EXIM Bank):
Managing Director (MD) – Harsha Bangari
Headquarters – Mumbai, Maharashtra
Established – 1982
