Exim Bank News
exploration and mining convention. Shri Anil Mukim, IAS, Secretary to the Govt. of India, Ministry of Mines is leading the Indian delegation, comprising representatives from various Ministries including Mines, Steel, Coal and State Governments, as well as CPSUs including NALCO, CIL, NMDC, SAIL, HCL & MECL. At the convention, on the occasion of India Day celebration held on 05.03.19, Dr. Tapan Kumar Chand, CMD, NALCO, delivered a high-spirited presentation on IndianAluminium Industry before the global audience. Giving business insights on growth potential of Aluminium as the metal of the future, Dr. Chand highlighted on the world class facilities being offered by Odisha's Angul Aluminium Park (AAI) & invited the potential investors, technology suppliers & equipment manufacturers to Odisha. Angul Aluminium Park, a joint venture promoted by NALCO & IDCO, for downstream and ancillary industries in the aluminium sector. Besides, Dr. Chand also informed regarding overseas acquisition, exploration & processing of strategic minerals through Khanij Bidesh India Ltd. (KABIL), a joint venture company of NALCO, HCL & MECL.
Export-Import Bank of India (Exim Bank) forecasts India’s merchandise exports to witness a growth rate of 7.7% (increasing from US$ 80.6 billion to US$ 86.8 billion) and non-oil exports to witness a growth rate of 5.1% (increasing from US$ 70.0 billion to US$ 73.6 billion) during the fourth quarter of 2018-19 viz. January-March 2019, over the corresponding quarter of the previous year. The forecasts are based on Exim Bank’s Export Leading Index (ELI), which continued to show a positive growth momentum. Forecast of growth in India’s total merchandise exports and non-oil exports would continue to be released on a quarterly basis, during the first week of the months of June, September, December, and March for the corresponding quarters, with continuous improvisation to the model. The next growth forecasts for India’s exports for the quarter April-June 2019 would be released during the first week of June 2019.The model and the forecast results have been reviewed by a standing technical committee of domain experts comprising Professor Saikat Sinha Roy, Professor & Coordinator, Centre for Advanced Studies, Department of Economics, Jadavpur University, Kolkata; Dr. Sarat Dhal, Director, Department of Economic and Policy Research, Reserve Bank of India, Mumbai; Professor N. R. Bhanumurthy, Professor, National Institute of Public Finance and Policy (NIPFP), New Delhi; and Professor C. Veeramani, Professor, Indira Gandhi Institute of Development Research (IGIDR), Mumbai.