A Technical Committee on Services I Facilities to Exporters has been constituted under the chairmanship of Shri G Padmanabhan, Executive Director Reserve Bank of India (RBI). The Committee has representation from the EXIM Bank, Export Credit Guarantee Corporation (ECGC), Federation of Indian Export Organization (FIEO), Indian Banks` Association (IBA), Foreign Exchange Dealers Association of India (FEDAI), etc. The mandate of the Committee is to evaluate the entire gamut of services / facilities provided by banks / financial Institutions to the exporters.

RBI has received a number of representations from trade / exporters` bodies highlighting the difficulties faced by them in regard to transaction cost, accounting issues, documentation, flow of finance to export sector, factoring, etc. The above Committee was constituted to evaluate the facilities/services provided by banks / financial Institutions to the exporters and submit its report by April 2013.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Dr. D. Purandeswari, in a written reply in the Lok Sabha today.

DS/RK

(Release ID :95208)

Export finance services review to evaluate banking facilities, documentation and finance flow for exporters and recommend improvements. A technical committee chaired by the RBI Executive Director was constituted to evaluate banking and financial services and facilities for exporters, addressing transaction costs, accounting and documentation issues, flow of finance and factoring, with representatives from key export and banking institutions and a requirement to submit a report.