BHUBANESWAR: The Export Import bank of India (EXIM) has committed increased assistance to MSME sector in the State to make it more export-oriented.
It will engage more with local MSMEs guiding them to manufacture products more in demand abroad and ensure compliance to international quality and turnaround time norms. Special purpose vehicles for clusters should be set up for the purpose of enhancing and promoting exports,” executive director, EXIM bank, N Shankar said at a seminar organised by World Trade Centre here on Friday.
Emphasising on the importance of exports to the Indian economy, Shankar outlined the role played by EXIM bank in promotion of exports and how enhancing exports is being tried to be achieved through various schemes like Make in India.
Secretary, MSME Department, Panchanan Dash said the State Government has initiated several steps to push exports. The seminar was attended by over 100 delegates representing trade and industry.