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Wednesday, September 11, 2013

Exim Bank opens office in Myanmar

Export-Import Bank of India (Exim Bank) has opened a representative office in Myanmar's capital of Yangon, a move that is likely to boost bilateral trade.

This is the eighth overseas regional office of the government-run premier export finance institution, Exim Bank Chairman and Managing Director T C A Ranganathan said in a statement here today.

Speaking at the inauguration, Indian Ambassador to Myanmar Gautam Mukhopadhaya expressed the hope that Exim Bank's presence in the neighbouring country would further boost and facilitate bilateral trade and investment relations apart from contributing to Myanmar's developmental endeavours.

The statement quoted Yangon Chief Minister U Myint Swe saying Myanmar presents a plethora of opportunities for collaboration to partner Asian countries like India.

Exim Bank's other overseas offices are located in Addis Ababa, Dakar, Dubai, Johannesburg, London, Singapore and Washington.

Source: EconomicTimes


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