Page 16 - Plastics News November 2021

AIPMA AT woRk

Webinar On Letter Of Credit And Export Finance

IN PARTNERSHIP WITH:
ICICI BANK LTD, MUMBAI

s an Industry, we all keep looking was to create a development financial This webinar has thrown lights on
Afor newer opportunities to develop institution for providing medium-term Export Credits as it is a crucial factor for
our businesses. One such opportunity and long-term project financing to Indian growth of export business. We can only
comes to us in the form of LC & Export businesses. grow our business to a certain level with
Finance Schemes. as a Webinar On The webinar was mainly focused on our own capital, which is always scarce,
Letter Of Credit And Export Finance various financial schemes and how you when we want to grow. We also have the
was organised on 12, November 2021. clear understanding about the Letter of
make your LCs work for your Business.
The Program started with Shri. Deepak Apart from this we also got opportunity Credit and their operations in deep. We
Ballani ji – Director General, AIPMA, to learn several RBI Guidelines on Pre will also learn about the Documentation,
introducing Shri. Kishore Sampat ji, & Post-Shipment Credits, Important Eligibility and Requirements for the
President, AIPMA followed by Shri. articles of UCPDC and Incoterms. Inland Bill Discounting.
Arvind Mehta ji – Chairman Governing This program provided insights about the Key Takeaways:
Council, AIPMA who set the note for Applicable Laws, Rules and Guidelines • Export Finance – Applicable Laws,
the program.
of Export Finance. Hence, we will also Rules and Guidelines
OUR EXPERTS FOR THE EVEN- get to know a Unique method of raising • RBI Guidelines on Pre-Shipment
ING WERE: short-term working capital for domestic and Post-Shipment Credit
Mr. Gaurang Vasavada – Forex and Trade business without any collateral. The
Consultant, ICICI Bank Ltd. session helped us to learn about the • Letter of Credit and Operations
fundamentals and essentials of financial under Letter of Credit
Mr. Krishnendu Das – Subject Matter instruments that can be used for business
Expert – Trade, ICICI Bank Ltd. expansion. The session also briefed us • Important articles of UCPDC and
Incoterms
ICICI Bank was formed in 1955 at the necessary tools to help you assure
the initiative of the World Bank, the your suppliers, bridge the gap between • Unique method of raising short-
Government of India and representatives supply and demand with cash flow term working capital for domestic
of Indian industry. The principal objective solutions. business without any Collateral
• Documentation and Inland Bill
Discounting
After the presentation by the experts, the
floor was left open for Q&A session to
answer any queries the participants may
have. Mr. Gaurang Vasavada and Mr.
Krishnendu Das handled the question &
answer session with great aplomb.

The webinar was attended by over
125 people from Finance and Export
Industry.
Our next webinar has been planned for
19th November 2021.

16 PLASTICS NEWS NOVEMBER 2021