India Exim Finserve has partnered with VoloFin to improve receivables finance solutions for Indian SME exporters.

Banking & Finance

India Exim Finserve IFSC Private Limited, based in Gandhinagar, Gujarat, is a wholly owned subsidiary of the Export-Import Bank of India (India Exim Bank). It has teamed up with Singapore-based VoloFin Services Private Limited to offer comprehensive receivables financing solutions to Indian exporters.


      - This collaboration aims to support underserved Small and Medium-sized Enterprises (SMEs) that are crucial for the country's economic growth.

      - It will also address significant trade finance gaps and facilitate open account trading between India and its trade partners.

     

Main Points:-   (i) As part of this initiative, New India Assurance Company Limited, supported by global reinsurer Atradius, has launched a first-of-its-kind trade finance insurance policy from GIFT City, Gujarat.

      (ii) This strategic collaboration between VoloFin, India Exim Bank, and New India Assurance is set to significantly enhance India's trade ecosystem, especially for SMEs.

(iii) Atradius, based in the Netherlands, is a global leader in credit insurance and risk management, operating in over 50 countries.

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