Mr. Prahalathan Iyer is currently working as a Chief General Manager in Export-Import Bank of India. Mr. Iyer holds Masters Degrees in Economics, and Financial Management. Mr. Iyer has work experience in the fields of economic research, feasibility studies and entrepreneurship development. Mr. Iyer has earlier worked with trade promotion bodies, developmental organizations, and research institutions before joining Exim Bank of India. Mr. Iyer has widely traveled across the continents and presented papers in international seminars / conferences. Mr. Iyer has been involved with research studies / papers on diverse sectors. The research studies / papers have contributed to the policy evolution in various sectors.
Mr. Iyer served as a member of the Task Force on ‘Trading Goods in Local Currencies’ set-up by the Ministry of Commerce & Industry, Government of India; Technical Committee on Services / Facilities to Exporters, set up by the Reserve Bank of India; and also represents Exim Bank as Nominee Director on a few corporate Boards.
Mr. Iyer is a trained assessor for CII-Exim Bank Award for Business Excellence.
EXPORT-IMPORT BANK OF INDIA (Exim Bank)
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