India Exim Finserve Joins Hands with VoloFin: Boost for SME Exporters

India Exim Finserve collaborates with VoloFin to enhance trade finance solutions, focusing on SME exporters. The collaboration, supported by VoloFin and credit insurer New India Assurance, will facilitate open-account trade between India and global partners, backed by the first GIFT City bank policy and Atradius reinsurance.

In a strategic move to support small and medium-sized enterprise (SME) exporters in India, India Exim Finserve IFSC Pvt Ltd has partnered with VoloFin. A wholly-owned subsidiary of the Export-Import Bank of India, India Exim Finserve aims to bridge trade finance gaps through this collaboration.

The innovative partnership seeks to promote open-account trade with India's international partners. New India Assurance further bolsters the initiative by serving as the credit insurance partner, complemented by Atradius's reinsurance capabilities. These measures underscore efforts to enhance financial support for underserved exporters.

Significantly, the endeavor is backed by the inaugural bank policy from GIFT City, highlighting the financial hub's pivotal role in expanding Indian trade. Leaders from both India Exim Finserve and New India Assurance expressed enthusiasm about the collaboration, citing it as a significant milestone towards facilitating and expanding exports from the SME sector in India.

(With inputs from agencies.)