Tradewind presents at SME Chamber of India – explains how factoring facilities may alleviate cash flow concerns for Indian businesses
16th November, 2021 Mumbai, India
Tradewind GmbH – India Liaison Office presented at the SME Chamber of India event titled SME Exporters and Manufacturers. Key manufacturers, traders, and fellow Indian associations gathered at the one-day event to discuss how it would be possible in bridging the financial gap faced by approximately 75% of SMEs in India.
The pandemic, alongside intermittent lockdowns throughout the country, brought many businesses to a halt. Once operations resumed, many exporters discovered they were at a disadvantage due to their lenders scaling back facilities, resultantly choking their ability to export internationally. Additionally many factories faced order cancellations and lack of new orders due to supply-chain diversification strategies implemented by their regular buyers.
Mr. Chandrakant Salunkhe, Founder and President of SME Chamber of India, commented: “Without financial fuel – we cannot run this vehicle.”
Mr. Pulkit Kapil, Senior Vice President - Business Development, Tradewind GmbH, India Liaison office, stated: “Global insolvencies are poised to increase once government support is pulled, and in India alone, almost 80% of SMEs lack access to much-needed finance to run their operations. Our receivables finance program aims to bridge that gap as the application process is fairly simple and does not involve too many complexities.”
Promoting global trade is a key cornerstone for Tradewind. Since inception, it has remained committed to the delivery of capital flows to Indian manufacturers and traders seeking to safely and securely trade internationally.
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.
(Left-Right) Pulkit Kapil - Senior Vice President Business Development, Sameer Chaturvedi - Regional Business Development Manager, Shreejita Sheth - Marketing Manager, Abdul Wakil - Senior Business Development Manager