Ref. MR/CIR/2024-25/0025 7 June 2024
To: Members of the Council
Sub: Invitation of Interest for Investment in the CLMV Region
Dear Sir/ Madam,
As you may be aware, the Government of India had under the “Act East Policy” created a Project Development Fund (PDF) with a corpus of Rs. 500 crores to catalyse Indian economic presence in the CLMV Region (Cambodia, Lao PDR, Myanmar and Vietnam), in pursuance of the then Finance Minister’s Announcement during the Union Budget 2015-16 speech. Under the directives of the Government, the Indian Exim Bank is the operating Bank of the Project Development Fund.
The CLMV region remains immensely important and potential as textile hubs in the Asia-Pacific region and significantly provides opportunities for Indian companies there. Investing in the CLMV region will help the Indian companies to get integrated in the Regional Value Chains.
In this regard, the India Exim Bank has sought a list of those members of the Council who will be interested to invest in the CLMV region.
Please send us following details on the email at baruah@matexil.org / kitti@matexil.org on or before 14 June 2024.
1. Name & Address of the Company:
2. Contact Person Contact details:
3. Investing country & sector (spinning, weaving, finishing, etc.):
4. Tentative initial investment amount (in US$):
On receipt of your intent for investment in the CLMV region, we will send the details to the India Exim Bank as solicited.
Thanking You
A Ravi Kumar
Executive Director
