A PROJECT REPORT ON

IMPORT FINANCING IN INDIA

PRESENTED TO VAG MANAGEMENT SERVICES OF SIKKIM MANIPAL UNIVERSITY
IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR COMPLETION OF MBA (FINANCE & MARKETING)

GUIDED BY SHRI ASHOK KUMAR GENERAL MANAGER IN MSTC LTD (A Govt. Undertaking Co.)

SUBMITED BY MR PREM CHAND (ROLL NO. 520696658)

3 4 5 INTRODUCTION IMPORT FINANCE IMPORT FINANCE IN RUPEES IMPORT FINANCE IN FOREIGN CURRENCY INTERNAL SOURCES/SOURCES WITHIN THE COUNTRY FOR IMPORT FIANCE EXTERNAL SOURCES OR RALSING FINANCE FROM OTHER COUNTRIES/MULTI LATERAL AGENCIES GUIDELINES ON POLICIES AND PROCEDURES FOR EXTERNAL COMMERCIAL BORROWINGS CONCLUSION APPENDIX-I APPENDIX-II 6 7 8 9 10 .TABLE OF CONTENTS PAGE NUMBERS 1 2.

Devli Village. Medical & Technological Sciences 5th Mile. Gangtok-738102 PROFORMA FOR APROVAL OF PROJET PROPOSAL Roll No. 3. No.Distance Education Wing SIKKIM MANIPAL UNIVERSITY of Health. (Nai Basti) New Delhi-110062 Imports Financing in India Accounting & Finance Mr Ashok Kumar MSTC Ltd. . Tadong. 520696658 Study Centre: 02005 Regional Centre: Delhi Name and Address of the Student : Prem Chand H. 23. Jeevan Vikas Building. Gali No. 1st Floor. New Delhi-02 No Title of the Project Subject : : Name of Address of the Supervisor : Is the Supervisor an Academic Counselor of Management Programme of SMU Signature of Student Date SYNOPSIS Approved Not Approved : Signature of Supervisor Date For Office Use Only SUPERVISOR Approved Not Approved Signature of Coordinator (Project) Comments /Suggestions for reformulating the project. Asaf Ali Road.

the provide competitiveness to domestic industries and thus remove monopolizations. there has been as increasing thrust by the government to ease the import norms to align our economy with the global one. ASAF ALI ROAD. . especially those imports which involve huge cost like capital goods equipments etc both within the country and from abroad. Ashok Kumar GENERAL MANAGER MSTC LTD. New Delhi-110024 NAME OF PROJECT GUIDE Designation and address : : Mr. Recently there has been the announcing of the EXIM policy and further liberalization in imports. 520696658 ADDRESS FOR CORRESPONDENCE:L-5 (Basement). This apart import de regulation is also needed as part of the GATT agreement. 1st FLOOR. Lajpat Nagar-II. JEEVAN VIKAS BUILDING. NEW DELHI-110002 IMPORT FINANCING IN INDIA TITLE OF THE PROJECT SATEMENT ABOUT THE PROBLEM : The main aim of this project is to find out in detail the various avenues or channels available to an Indian importer to finance his impost. WHY IS PARTICULAT TOPIC CHOSEN In the recent past.PROJECT SYNOPSIS NAME: PREM CHAND ROLL NO. and to get advantages of better technologies by importing them into country.

hurdles involved etc. One chapter can wholly analyze the various options for financing within Indian and the next chapter will analyze the various options available abroad i. etc who are involved in arranging finance for imports of goods in India. guidelines applicable for raising them. list of reference bibliography etc. The project will be summed by the conclusion and appendices and annexure. Another objective has been to find out the various strategies involved in raising external finance. i. External Commercial Borrowings (ECBs). The next chapters can concentrate on the way the financing is required. Information will be collected by meeting and interviewing various officials of Financial Institutions like IFCI.OBJETIVES AND SCOPE OF THE STUDY The main focus is how to arrange loans in foreign currency. .e.e. whether it is required in Indian rupees or foreign currency. METHODOLOGY The data for this project will be collected from both Primary and Secondary sources. EXIM Bank. types of costs involved. Ministry of Finance. CHAPTER SCHME The initial chapters will cover the introduction to the subject and analyze the trends and composition of India’s imports. various channels for raising them. One chapter will b exclusively devoted to understand and appraise the regulations governing import financing and the ways and means to manager the import liability.

MSTC Ltd (A Government Undertaking Company) for his unflinching and continuous support and encouragement. Mr Ashok Kumar.ACKNOWLEDGEMENT I would like to take this opportunity and extend my sincere gratitude and thanks to my project guide. General Manager. I am grateful to thankful to Mr Sohan Pal for his continuous help and support at every stage of the preparation of this project. I am also thankful to Mr ……………………………………………………………………………… ……………… and various other officials who constantly provided me with the relevant data and information regarding this project. Last but not the least I am thankful to Mr Bharat Manglani (NRI) who helps me for flawless typesetting and giving me final shape for the project report. PREM CHAND Dated: Place : New Delhi .

guidelines applicable.RESEARCH OBJECTIVE The aim of this project is to find out detail the various avenues or channels available to an Indian Importer to finance his imports. (both internal channels and external ones. Another objective is to find out the various strategies involved in rising external finance.) The main focus is as the how to arrange loans in foreign currency. various channels for raising. . hurdles involved etc. types costs involves. especially those imports which involve huge costs like capital goods/equipment’s etc.

EXECUTIVE SUMMARY This project is on “IMPORT FINANCE” and its aim is to find about the various channels or sources available to raise finance. for import purpose. EXIM Bank. various cost of rising finance from etc. The section on External Sources is about the various types of International Sources available to raise foreign currency loans. FI’s Commercial Bank. FCNR (B) Deposits. in India. It talks about rising of finance in rupees and in foreign currency. therefore both of them have been discussed in detail. The section on internal sources deals with all types of internal sources. As the foreign currency loans can be raised from internal and external sources. etc. long as well as short terms ones. such as. their concepts. The foreign currency finance from these sources can be raised by Government . The introductory part tells about the importance of foreign trade and relevance of imports and exports in it. Then the trends and composition of imports in India have been highlighted. The focus of this project is on finding various sources for raising fiancé (for import purposes in foreign currency. The next section first gives an introduction on “Import Finance” and highlights the various sources of import finance.

c) d) e) f) Global Capital Markets Project Financing Multinational Financial Mgt-By A.C. the information and data collected form these sources was sorted out. Then it was analyzed and relevant information (that concerning the project) was separated form irrelevant one. The relevant information and data was then properly formulated and summarized to make the project. Shapiro Foreign Exchange Manual-by Nabhi First. .

a student of MBA ( Finance & Marketing). to the best of any knowledge. It has not been submitted to Sikkim Manipal University or any other institution for fulfillment of the requirement of any course of study. Shri Ashok Kumar. is an original one. General Manager MSTC Ltd (A Government of India Undertaking) certify that the Project Work entitled “Imports Finance in India” being submitted by Mr Prem Chand.CERTIFICATE I. Date Place: New Delhi Shri Ashok Kumar (General Manager) MSTC Ltd .

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