N Ramesh (ITS) assumes charge as DMD in Exim Bank

New Delhi: N Ramesh (ITS) is new Deputy Managing Director (DMD) of Export-Import Bank of India (Exim Bank), as he assumed charge of the post on November 23. Prior to this assignment, he was serving as Executive Director (ED) in the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). According to an earlier order from the Department of Personnel & Training (DoPT), the Appointments Committee of the Cabinet (ACC) had approved his appointment to the post on October 16. He has been appointed to the post on a deputation basis for a period of three years, or until further orders, whichever is earlier.

N Ramesh's profile

Ramesh is an Indian Telecommunications Service (ITS) officer of the 1999-batch. He is an Engineering Graduate (BE) from Bangalore University and a Post Graduate in Public Policy and Management from IIM Bangalore. Prior to joining the Exim Bank, he had served in NAFED, MPEDA, Department of Commerce and Telecom.

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Exim Bank of India

Export-Import Bank of India (Exim Bank of India) represents a rare case of an institution where the concept and need for such an institution had been debated for a long period-more than two decades – before it was finally set up in 1982. The Export-Import Bank of India Act was passed in September 1981 and the Bank commenced its operations in March 1982. The two decades prior to the establishment of Exim Bank witnessed significant changes in the industrial and the trade scenario. Indian exports during the fifties and the early sixties consisted of primary commodities and traditional manufactures like jute and cotton textiles. The dominant viewpoint was that in India's case, expansion in domestic demand alone could realistically serve as the engine for economic growth since export expansion opportunities were limited and there were fundamental constraints (like inadequate infrastructure) to export growth.

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