ACCRA 14-11-2014: In what could give a major boost to India\'s growing economic influence across Asia and Africa, the Exim Bank of India aims to increase Indian project exports to $50 billion within the next five years from the current levels of $ 27 billion. This will be done through the bank\'s innovative initiatives and by leveraging the increasing opportunities in Africa and Asia, Yaduvendra Mathur, the bank\'s Chairman and Managing Director, said.
He said, as of the end of September this year, there were 374 project export contracts valued at $26.85 billion supported by the bank under execution in 78 countries across Africa, Asia.
Mathur said government of India\'s support would be critical to achieve this target for India. \"Exim Bank proposes to organise a series of stakeholders\' seminars to seek industry feedback for creating a level playing field for Indian project exporters,\" he added.