Exim Bank Launches Exim Finserve in GIFT City
The Export-Import Bank of India (Exim Bank) has launched its new subsidiary, Exim Finserve, in Gujarat’s GIFT City. This move aims to strengthen India’s role in international trade and finance.
The announcement was made on August 8, 2023, by Finance Minister Nirmala Sitharaman during the Union Budget. The Department of Financial Services confirmed that the initiative would improve access to finance for MSME exporters.
Empowering MSMEs Through Factoring Services
Exim Finserve will use a simplified factoring framework to help Micro, Small, and Medium Enterprises (MSMEs). This system allows exporters to get quick access to funds against their unpaid invoices.
Harsha Bangari, Managing Director of Exim Bank, shared his confidence in the subsidiary’s capabilities. He believes Exim Finserve will strengthen MSMEs by improving their working capital and reducing cash flow issues.
The company offers three key services:
Receivables financing
Non-payment risk coverage
Receivables management
These services will help exporters improve liquidity, reduce risks, and explore new global markets.
GIFT City: India’s New Financial Nerve Center
GIFT City in Gandhinagar, Gujarat, is India’s first International Financial Services Centre (IFSC). It is built to support global finance, trade, and innovation.
The city offers strong regulations, tax benefits, and cutting-edge infrastructure. These features make it the ideal base for Exim Finserve’s operations.
Key Benefits of Exim Finserve’s Launch in GIFT City
1. Boosting Trade Finance
Exim Finserve supports global trade with services like credit insurance and export guarantees. These tools protect Indian exporters and make cross-border trade easier and safer.
By offering these services, the company helps increase India’s export volumes and build trust in international markets.
2. Access to Global Capital
With its IFSC status, GIFT City allows Exim Finserve to raise funds at lower costs. This enables the company to offer custom financial solutions for Indian businesses aiming to expand globally.
3. Driving Financial Innovation
GIFT City houses top banks, insurers, and fintech firms. Exim Finserve joins this ecosystem, promoting collaboration and innovation in financial services.
This environment supports the creation of tools designed for the unique needs of global trade businesses.
4. Creating Jobs and Growing Real Estate
The new office will create skilled jobs in trade finance, banking, and risk management. It will also raise demand for commercial real estate in GIFT City.
This is good news for real estate investors. With more institutions moving into the city, demand for office space will continue to grow.
5. Strengthening India’s Global Position
By setting up in GIFT City, Exim Finserve helps position India as a global financial leader. It reflects the country’s goal of becoming a major player in international trade and finance.
This move boosts investor confidence and supports economic growth and stability.
GIFT City: A Smart Investment for the Future
Exim Finserve’s entry is another sign of GIFT City’s rising importance. It is quickly becoming a magnet for financial institutions, tech firms, and global investors.
With each new launch, GIFT City grows stronger as a hub for financial innovation and global trade.
Final Thoughts: A Prime Time for Investment in GIFT City
Exim Bank’s decision to set up Exim Finserve in GIFT City shows India’s clear commitment to global trade. It also opens doors for growth in commercial real estate.
Now is the right time to invest in office space in Ahmedabad’s most promising location. GIFT City offers a future-focused environment with strong returns.
Contact Rumi Global Properties today to find the perfect office space in GIFT City and be part of India’s financial future.
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