Explained | India’s latest move to secure more international trade finance and why it’s crucial for exports



Subhayan Chakraborty | Money Control

A new mechanism to open International Trade Finance Services (ITFS) platforms in India is expected to draw in trade finance opportunities for India’s exporters and importers from international sources.

The latest move is expected to streamline the process of securing working capital to conduct trade, thereby reducing the cost of trade. It will also lay down the rules for the proposed ITFS companies and create a more favourable ecosystem for trade finance in the country.

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