Devendra Kumar Vyas, Managing Director, SEFL | Photo Credit: Ashoke Chakrabarty
Srei Equipment Finance has bagged a €10-million (about ₹87 crore) loan from KfW IPEX-Bank to facilitate German exports to India. The financing is backed by cover from Euler Hermes.
Through this arrangement, KfW IPEX-Bank will provide modern and energy-efficient construction machinery for use in Indian infrastructure projects. The financed machinery from a German construction machine manufacturer includes asphalt machines, road pavers and rollers, said a press statement issued by Srei.
Devendra Kumar Vyas, Managing Director, SEFL, said in the release, “At Srei we have always believed in creating an equipment life cycle solution for our customers and in that endeavour, manufacturer partnerships become crucial. This initiative will help our German and European manufacturing partners to benefit from our strong customer connect in addition to our agile risk understanding in credit buying. We look forward to more such programmes in the future.”
Published on September 4, 2020
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.