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.

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"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.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)