With the successful conclusion of an export financing, KfW IPEX-Bank enables the export of construction machinery for Srei Equipment Finance Limited (SEFL) to India with a credit line of 10 million euros, Srei announced. The financing is secured by a cover from Euler Hermes. With this commitment KfW IPEX-Bank supports the provision of construction machinery for use in Indian infrastructure projects. The financed machine park of a German construction machine manufacturer includes asphalt machines, road pavers and rollers.

“At Srei, we have always believed in creating a life cycle solution for our customers, and that is where manufacturer partnerships are essential. This initiative will help our German and European manufacturing partners to benefit from our strong customer loyalty in addition to our agile risk. We look forward to more such programs in the future, “said Devendra Kumar Vyas, Managing Director of SEFL.

The borrower SEFL was founded in 2008 to bundle orders from individual Indian construction companies and to make the newly ordered machines available to the respective users.

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