FIEO and Credlix sign MoU to empower Indian exporters
The Federation of Indian Export Organisations (FIEO) has partnered with Credlix, a global leader in supply chain financing solutions, through a Memorandum of Understanding (MoU) to enhance the growth of Indian exporters and strengthen their global presence. This collaboration focuses on streamlining international trade by providing exporters with innovative financial solutions, logistical support and other critical resources.
By combining FIEO’s extensive network with Credlix’s expertise in financial services, the partnership aims to address key challenges faced by exporters. Initiatives include workshops, training, financing advisory and technological support to raise awareness — a solution that helps businesses scale their operations effectively.
The partnership includes technological and logistical solutions from Credlix, such as warehousing and supply chain management, to address exporters’ operational hurdles. FIEO will actively promote the initiative, encourage exporter participation and guide businesses in navigating complex global markets, it highlighted in a release.
Dr Ajay Sahai, Director General & CEO, FIEO, remarked, “This collaboration with Credlix marks a significant milestone in advancing India’s vision of self-reliance and strengthening its export sector. By providing SMEs with financial and logistical resources, we aim to help them overcome barriers, enhance operational efficiency and capitalise on opportunities in international trade”.
He further highlighted the liquidity gap and lack of credit flow in the Indian economy, which has posed persistent challenges for exporters. “Export finance remains a critical issue for various segments, particularly for MSMEs, which are the backbone of India’s export ecosystem,” he noted.
The MSME sector contributed 45.73% of India’s exports in 2023-24, yet it continues to struggle with limited access to export finance. With 35,000 members, primarily from the MSME segment, FIEO sees this MoU as a pivotal step in addressing these challenges and unlocking growth opportunities for exporters.
This alliance is set to simplify export operations, enhance business capabilities and accelerate the growth of Indian exporters, contributing to India’s economic progress and reinforcing its position in global trade, the release added.
Source: Exim News Service: New Delhi, Jan. 22