Sign up | Log in



Home  >>   Daily News  >>ฺBrunei>>Trade>> Access to financing available for Brunei-India traders
NEWS UPDATES Asean Affairs     October 4,  2016  

Access to financing available for Brunei-India traders

THE Export-Import (Ex-Im) Bank of India is primarily focused on helping Indian companies to go abroad but there are possibilities for Bruneian companies to tap into the financing that the Ex-Im bank can provide.

The bank is also familiar with the ASEAN region and has invested in development projects led by Indian companies.

Here, The Brunei Times business reporter Leo Kasim speaks to Nirmit Ved, deputy general manager at the Ex-Im Bank of India, on opportunities for Bruneian companies and its growing role in the region.

Does the Ex-Im Bank of India offer opportunities for companies from abroad?

Since we are an Export-Import bank, we are also encouraging Brunei companies to invest in India but our main focus is to help Indian companies to integrate into the global business. Our main objective is to help Indian companies go to overseas and export to these markets by way of trading of goods and services or investments, acquisitions, joint ventures or subsidiaries.

The financing that we offer is to Indian companies who are export abroad. But if Indian companies are investing here (Brunei) or get into joint ventures or are opening subsidiaries, then we can also finance those. If a Bruneian company is importing from India and want some financial assistance we can also do that.

If an Indian company needs to import raw material from abroad, such as Brunei, the Ex-Im bank also provides financing for that.

Are there specific industries that the bank is focused on financing?

The bank can help finance companies in many sectors apart from some products which are in the ‘negative’ list of the Indian government and that includes alcohol. Apart from that, companies that are dealing in any products can get financing because there are no sectoral restrictions apart from the what has been stated.

So Bruneian companies that want to invest in India in areas such as IT, agriculture or manufacturing can also have access to financing.

Brunei can be a good manufacturing base and can look at some agro processing here. Of course, Brunei can also look into other anciliary activities in the petrochemicals sector which the country is already doing so. Perhaps, Brunei can look into four or five majors where it feels that Indian investment can come into and then work on those sectors.

Brunei is going to be part of the Trans-Pacific Partnership (TPP) agreement and by having Indian companies investing in Brunei, they will have access to a lot of opportunities in exporting that are manufactured in Brunei to the TPP countries.

That is a vast area because the total trade of TPP countries is almost 40 per cent of global trade once the agreement is in effect so that it is important (for Indian companies) to look at Brunei as an investment destination

What is the level of Ex-Im Bank involvement in the region?

Our involvement is high in ASEAN particularly in Cambodia, Laos, Myanmar and Vietnam (CLMV). The bank is under the Ministry of Commerce of India which facilitates the Indian government’s investment in the region under the ‘Look East’ policy and its follow up called ‘Act East’.

So we are developing a framework where we can facilitate our investments made into the CLMV countries. This is a focus area for India in ASEAN at the moment. This is because the CLMV countries are important to the ASEAN community and also with the TPP coming in.

Indian companies are going into CLMV and developing the infrastrucutre which has seen much improvement over the years. The Ex-Im bank is willing to support projects which are in these countries. In fact, the bank is willing to support projects in other countries and region.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          October  4, 2016 Subsribe Now !
• Gov’t divests from 5 transport firms  Subcribe: Asean Affairs Global Magazine
• Foods, cigarettes, beverages drive faster inflation in September
• When will the Malaysian property market pick up?
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Access to financing available for Brunei-India traders
• West Nusa Tenggara eyes sports tourism after Lombok race 
Asean Analysis                  September 30, 2016
• Asean Analysis  September 30, 2016
In Washington, Yasay Defends the Duterte Doctrine
Advertise Your Brand

Asean Stock Watch   October 3 , 2016

• Asean Stock Watch-October 3, 2016
The Biweekly Update
• The Biweekly Update  September 30, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand