Srei lines 10 mn Euro export finance from KfW IPEX-Bank

    Kolkata, Sep 4 (PTI) Srei Equipment Finance Limited
(SEFL) on Friday said it has successfully closed 10 million
Euro export financing deal from European KfW IPEX-Bank that
would enable easy deployment of German construction equipment
in India.
    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,"
Andreas Ufer, member of the Management Board of KfW IPEX-Bank
said.
    The borrower is SEFL, which was set up in 2008 to pool
orders from individual Indian construction companies and make
the newly ordered machines available to the respective users.
PTI BSM
RG RG

(This story has not been edited by THE WEEK and is auto-generated from PTI)