Chennai: With the successful close of an export financing transaction, KfW IPEX-Bank is enabling the export of construction machinery for Srei Equipment Finance Limited to India by providing a framework loan of EUR 10 million. The financing is backed by cover from Euler Hermes.
Through this commitment, KfW IPEX-Bank is helping to provide modern and energy-efficient construction machinery for use in Indian infrastructure projects. The financed machinery from a German construction machine manufacturer includes asphalt machines, road pavers and rollers.
“Particularly in these times it is important to actively support the German and European export industry,” explains Andreas Ufer, member of the Management Board of KfW IPEX-Bank.