Page 16 - Plastics News November 2021
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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.








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