NEW DELHI- Coal Another Wild Experiment

with reference to the specific needs and conditions of India's export and import trade.
If the EXIM bank is to effectively discharge its responsibilities, it must have adequate technical capabilities in project appraisal, project financing. conventional financing techniques of short, medium and long term credits, legal and commercial expertise in drawing up oversells contracts of a wide range of projects, expertise in international marketing and commercial and financial intelligence, expertise in international banking and money market instruments, etc. At present very few- hanks in India, including the IDBl. ran boast of having developed Mich a package of technical expertise and competence within them. Therefore, it would be necessary for the EXIM hank- to devote considerable effort in the initial years to developing a cadre of technically competent personnel. The success of the bank hinges to a large extent on the quality of its technical personnel. It has to succeed by sheer wits' rather than by the extent of its fond disbursements to the export sector.