ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Refractories- Ill-Matched Supplies

 capital goods export which are both profitable to industry and beneficial to the economy. There is a wealth of data on joint ventures abroad which never look off, on export of sugar and textile plant and machinery and power generation equipment which were .successfully installed and on Indian construction projects which contributed significantly to Third World development. It is important that the bank takes on export promotion and policy-making rotes for these sectors. It is true that the mammoth Engineering Export Promotion Council (EEPC) is today responsible for this function. But considering the large number of products handled by EEPC and its relatively poor professionalisa- tion, and the cursory nature of planning in the Ministry of Commerce, the EXIM Bank has to take up this task. Instead, it claims to do export promotion by circulating commonly available information such as about projects likely to be financed by international agencies. The TNCs are far ahead, their agents procure this information at the project planning stage itself! With this role abdication, the EXIM Bank looks at the funds flow first and only later at goods and services export. Naturally, it plans an office in London The Bank needs further support, destinations of our capital goods export.

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