India

India’s cofinancing partnership with ADB is through the Export–Import Bank of India (India EXIM Bank) via the Asian EXIM Banks Forum (AEBF), where India EXIM Bank has been a regular member since 1996. ADB-sponsored training programs for AEBF members and observers in India were hosted by the India EXIM Bank, including Country Risk Analysis (2011), Overseas Investment Finance (2012), Accessing Capital Markets (2013), Infrastructure Financing (2016), and Buyer’s Credit (2017).

Government-owned India EXIM Bank, established in 1982, is designed to finance, facilitate, and promote India’s foreign trade. The bank has been both a catalyst and a player in promoting cross-border trade and investment and in partnering with Indian industries.

Highlights of ADB–India Engagement in 2023:

Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 850 transactions valued at $1.1 billion with banks domiciled in India from inception to December 2023. During the same period, the TSCFP supported over 4,790 Indian exports and/or imports valued at $1.5 billion. In 2023 alone, the TSCFP supported 95 transactions valued at $85.1 million with banks domiciled in India and supported 1,284 Indian exports and/or imports valued at $151.7 million. Exports and/or imports were mainly to or from Bangladesh, Viet Nam, and Sri Lanka. Underlying goods involved mostly textiles and apparel, raw and non-energy commodities, as well as food and agriculture-related goods.

Special Funds. India is a founding member of ADB and, since 1966, has contributed $127.6 million to ADB special funds. Of this commitment, $104.7 million has gone to the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income, developing member countries to help reduce poverty and improve quality of life.