Page 15 - Plastics News March 2025
P. 15
AIPMA AT WORK
gratitude to Ministry of MSME, Government of discussing critical issues and finding sustainable
India and all the speakers, delegates, partners, solutions for plastic waste management, recy-
supporting associations for their participation cling & circular economy. With an emphasis on
and contribution to making the event a grand circular economy and innovative solutions, the
success. National Convention 2025 played a significant
role in advancing the dialogue on sustainable
The event saw an impressive turnout of over 140 practices in the plastic industry and environmen-
delegates from various segments of the plastics tal sustainability.
industry. The event served as a key platform for
Webinar with Knowledge Partner ICICI Bank on Framework of Export Trade
Finance Schemes on 13th February, 2025
IPMA, in partnership with ICICI Bank, or post-shipment finance, available in both INR
successfully conducted a webinar on and foreign currency through ICICI Bank.
A"Framework of Export Trade Finance
Schemes – Cost Reduction Approach" on 13th Mr. Gaurang Vasavada provided an in-depth
February 2025, from 3:00 pm to 4:30 pm. The overview of export finance, highlighting the sig-
webinar provided valuable insights into the vari- nificance of pre-shipment and post-shipment
ous financing schemes available to exporters, finance. He explained the key guidelines and
focusing on strategies to optimize costs and im- processes involved in obtaining export finance,
prove financial efficiency. including eligibility criteria, required documen-
tation, and computation of credit limits. He also
The program commenced with Mr. Mallikar- covered the role of adequate security and sanc-
jun Javali, Director General of AIPMA, welcom- tioned limits in securing financing at lower costs.
ing the participants and introducing the expert Additionally, he discussed the costing aspects of
speakers. He then introduced Mr. Arvind Mehta, export finance and methods to reduce financial
Chairman of the Governing Council at AIPMA, burdens on exporters. The session further ex-
who set the stage for the event. plored the role of the Export Credit Guarantee
Corporation (ECGC) in mitigating credit risk and
Our Experts for the evening were:
ensuring payment security for exporters.
1. Mr. Gaurang Vasavada, Forex & Trade Con-
sultant
2. Mr. Bhavin Joshi, SME – Trade 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
March 2025 PLASTICS NEWS 15
