India is faring reasonably well on the export front in spite of the global slowdown and Indian companies are penetrating into new markets with the aid of the Exim Bank, according to Chairman and Managing Director Yaduvendra Mathur.

He was speaking here to the media after participating in the graduation ceremony of the Gitam School of International Business on Saturday. He said India had fared much better than most countries on the export front. "We are extending line of credit to many African countries and Asian countries and facilitating project exports and other exports to those countries from India," he said.

He said the Make in India campaign was good, but "merely making in India is not sufficient, we should make for the world markets. Indian companies should make their presence felt in the international markets, with our focus being on manufacturing."

Mathur said the new Andhra Pradesh would play a big role in export promotion and tapping the overseas markets, as "the State Government is laying emphasis on port-led growth. We have signed a memorandum of understanding with the AP Government to promote exports from the State and help the industry in the State."

As an export promotion agency, he said, the role of Exim Bank would assume greater importance in future, as India gets integrated with the world markets. The bank would also continue financing films, up to Rs 50 crores per film.

Mathur said the Exim Bank was planning a tie-up with SBI Cap to help mid-cap Indian companies raise resources through masala bonds. He said the response to such bonds in the market was good.

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