Contact Us : 7016716557
Contact Us : 7016716557
Exim Bank was established under the Export-Import Bank of India Act, 1981 for the purpose of financing, facilitating and promoting foreign trade in India. As an Export Credit Agency of the Government of India, the Bank provides financial assistance to Indian exporters and importers with a view to promoting India’s international trade.
The Indian Development and Economic Assistance Scheme (IDEAS), is aimed to offer concessional terms of credit to developing countries with the aim to generate goodwill, and share India’s development experience by way of infrastructure development, trade, capacity building and skills transfer. Exim Bank acts as Lending Bank and extends concessional credit (LOCs) to partner countries under the IDEAS.
E-procure is developed to effectively and efficiently conduct the Prequalification Process by Exim Bank for selection of Consultants and Contractors under LOCs. Under the IDEAS, the selection of the Consultants / Contractors is done by way of tendering among the Prequalified Entities. The PQ applications are invited and evaluated by Exim Bank through E-procure. As Lending Bank under IDEAS, Exim Bank conducts prequalification of the Consultants / Contractors, based on the criteria agreed with the Borrowing Government, and forwards the list of shortlisted entities to the Borrowing Government along with the approved bidding documents. The tendering is subsequently undertaken by the Borrowing Government, in consultation with Exim Bank as per IDEAS Guidelines.