Exim Bank to support SMEs with unique products, processes

Actively looking at three firms in TS: deputy MD

The Export-Import Bank of India is evaluating a clutch of firms in Telangana to support them under a national programme it operates to identify and handhold tomorrow’s champions.

“We are actively looking at three [such] companies. Ten more names are being screened,” deputy managing director N. Ramesh said, adding that the Ubharte Sitaare programme is for small and medium enterprises that offer unique proposition in terms of technology, products or processes.

One of the firms among the three makes turbine components for a multinational firm that generates power from different sources. The SME had recently diversified into making parts for aerospace players. Another firm is developing an innovative pharma delivery mechanism, while one more being considered for the support is into solar energy-based farm level cold storage management system.