Project Exports

Home > Global Logistics > Project Exports

SERVICES

Our Latest Blogs

Share On Social

Facebook X-twitter Instagram Linkedin Pinterest

PROJECT EXPORTS

Project exports play an essential role in the growth plan of India. It not only helps earn foreign exchange for India but also provides additional paths to growth and employment opportunities for the industry. Apart from that, it is a catalyst for technological advancement and maturity of engineering and construction companies in the country. In recent years, the project exporters of India have guarded diverse contracts that can demonstrate their technological capabilities and versatility. Being with EXIM Bank, Genex Logistics has become a renowned name in the world of freight forwarding services and acts as a prime mover to encourage project exports from the country. Furthermore, we enable companies in India to secure contracts covering different geographies.

A BRIEF OVERVIEW OF PROJECT EXPORTS

In simple words, project exports connote the setting up of construction or engineering projects overseas. However, it can also involve consultancy on the export of engineering or other engineering services as preferred by the project owner. In other words, the term can be explained as exports relating to engineering goods or services on deferred payments leading the way for executing turnkey projects. Turnkey projects include collective works of civil construction abroad.

In this scenario, our expert team of Genex Logistics, known as the best freight forwarders in India, provide strong support throughout the project activities in procurement, engineering, and construction (electrical, mechanical, civil, or instrumental). This involves building and construction materials, specific equipment supply, design, technology transfer, technical know-how, and preliminary and detailed engineering. Along with all these, support is provided to existing or new projects, additional assistance to processes or plants, etc.

PROJECT EXPORTS AND SERVICES OF GENEX LOGISTICS

  • Construction and Civil Engineering Projects:This includes works on steel structure, civil, and material supply for building and instruments of different infrastructural projects.
  • Turnkey Project:It involves equipment or instrument supply and related services, such as civil construction, detailed engineering, design, power transmission and submission, plant erection, and commission.
  • Supplies:It includes exporting industrial manufactures and capital goods. Examples of supply contracts are the supply of diesel generators, compressors, manufacturing equipment, pumps, ferrochrome, and slabs of stainless steel.
  • Technical and Consultancy Project:These kinds of projects include the provision of skills, know-how, and personnel training. Service contracts are like services relating to project implementation, management contracts, CAM/CAD solutions in the export of software, finance and accounting systems, etc.
If you are looking for one of the reliable freight forwarders in India, then Genex Logistics can be an excellent option for services regarding project exports. We ensure to provide vital support throughout until the completion of the contract.

THE BENEFIT OF AVAILING FUNDED AND NON-FUNDED FACILITIES FROM GENEX LOGISTICS

A significant role of a freight forwarder is to extend facilities for project exports and services. The following are the two types of facilities provided by our team are discussed below:

Funded Facilities

  • Pre-Shipment Credit:We provide credit both in Indian and foreign currency for supporting a company and enabling it to access finance at the manufacturing stage. It helps the exporters to buy raw materials and various other inputs and allows them to allocate expenses related to rupee or foreign currency mobilization for turnkey and construction projects.
  • Post-Shipment Credit:We help the exporters to finance export bills after making the shipment. This facility can be extended individually or in collaboration with a commercial bank (depending on the case) to the exporters for providing term credit to the importers at the post-shipment stage.
  • Export Project cash Flow Deficit Finance (EPCDF):This facility is provided by us to the exporters of Indian projects who execute the overseas contract of project export. It is available in foreign and domestic currency and takes responsibility for temporary cash-flow deficits during the contract period.

Indian Companies Avail Of Our Non-funded Facilities To Secure And Facilitate The Accomplishment Of The Export Or Deemed Export Projects. ​

  • APG or Advance Payment Guarantee:A project mobilization advance can be secured with the help of APG as a percentage of 10% to 20% of the contract’s total value. This is a kind of guarantee that is issued to project exporters. It is usually recovered during the project execution out of the progress payment.
  • PG or Performance Guarantee:An exporter can avail performance guarantee of 5% to 10% of the value of the contract. It remains valid till the maintenance period is completed and FAC, that is, Final Acceptance Certificate, is granted by the international client.
  • RMG or Retention Money Guarantee:Our facility enables the exporters to procure retained payments from international clients. This is done before the PAC (Project Issuance Certificate) or FAC (Final Acceptance Certificate) is issued.
  • Other Guarantees:We provide a guarantee of security deposit or customs duty for emigrant labour, instrument, etc.

WHY GENEX LOGISTICS

If you want to hire one of the best freight forwarding companies in India, then you can rely on our entire Genex Logistics team for any project export services. Our team of experts ensures to assist various project activities and boost the project exports from India. Along with that, we perform to satisfy our clients in terms of multiple aspects such as applying technical expertise, cost-effectiveness, delivery of quality products in time, etc. 

Scroll to Top