Our CEO, Mr. Kalyan Basu, shares his insights on the growth of B2B marketplaces for factoring and invoice discounting in India. He discusses the success of TReDS platforms in supporting SMEs and the exciting potential of ITFS platforms for cross-border trade finance.

The Union Budget 2024 sets ambitious targets for holistic growth under 'Sabka Saath, Sabka Vikaas', despite global economic challenges. Measures like reducing the TReDS threshold, opening new SIDBI branches, revising the fiscal deficit target to 4.9%, empowering women, reducing customs duties, and incentivizing GIFT-IFSC are expected to positively impact our business ecosystem.

Reverse factoring is a buyer-led supply chain financing programme that optimizes working capital by providing early payment to multiple suppliers, specially designed to cater to small and medium enterprises. It allows the credit worthy buyers to defer their payment.

IFSCA established at GIFT City Ahmedabad, has floated guidelines to set up ITFS platforms for facilitating Trade Finance between Exporters and Importers, through Financiers from anywhere across the globe.