Exim Bank to raise $800mn

 "We have been financing Indian direct investment overseas through debt and
equity. The bank will be taking equity participation in more Indian ventures abroad, but at any point in time, we want to keep a upper band of $100 million for the purpose," he said.

The bank is scheduled to pick-up a minority equity stake in the SPV floated by Tata Group to buy US- based Eight O'Clock Coffee.

"We had equity participation in Rallis India's venture in Zimbabwe, Usha Martin's venture in UK. Most of similar equity holdings have already been sold," he said.

The bank is also in the process of investing $10 million in the Pan-Asia
Project Development Fund (PPDF) sponsored by IL&FS and Orix Corporation,
Japan, Venkatasubramaniam said.