Page 10 - Plastics News Issue - January 2025
P. 10
AIPMA AT WORK
Webinar with Knowledge Partner ICICI Bank on Export Finance on 3
rd
January, 2025
1. Mr. Gaurang Vasavada, Forex & Trade
Consultant
2. Mr. Santosh Pandey, Product Manager &
SME – Export Finance, ICICI Bank Ltd.
Export Credit provides a solution for obtaining
short-term working capital financing with inter-
nationally competitive interest rates. It offers
flexibility, allowing you to opt for pre-shipment
or post-shipment finance, available in both INR
and foreign currency through ICICI Bank.
Mr. Vasavada provided an overview of Pre-ship-
IPMA, in partnership with ICICI Bank, suc-
cessfully conducted a webinar on "Ex- ment or Packing Credit & Post-shipment Credit
Aport Finance (PCFC/ EBC/ EBN/ FAC- discussed the computation of credit limits, em-
TORING)" on 3rd January 2025 at 3:00 pm to phasizing the role of adequate security and the
4:30 pm. The webinar provided valuable insights importance of sanctioned limits. He explained
into the intricacies of export financing, focusing the utility of Preshipment Credit in Foreign Cur-
on practical solutions and institutional support rency (PCFC) and the Negotiation of Bills under
available for exporters. Export Letters of Credit (LC) as tools to man-
age working capital. He highlighted Factoring as
The program started with Mr. Mallikarjun Javali, an additional financing window, where exporters
Director General of AIPMA introducing the ex- can convert receivables into immediate funds.
perts and giving his insights on the topic setting Furthermore, the role of the Export Credit Guar-
the note for the program. antee Corporation (ECGC) in managing country
risk ratings and mitigating credit risks was em-
Our Experts For The Evening Were: phasized. He concluded by providing actionable
10 PLASTICS NEWS January 2025
