Finance for Micro and Small Export Enterprises

July 23, 2019

Jodhpur | Rajasthan

World Trade Centre Jaipur and EPCH Jodhpur organized a workshop on export financing and forex management with exporters in small and medium enterprise sector at EPCH office in Jodhpur.

Mr. Jai Shekhawat- Vice President HDFC Bank explained the concept of Export Finance which is required by an exporter for short term, medium term or long-term depending upon the kinds of goods to be exported and the terms of declaration offered to foreign buyer. There may arise the need for term finance as for purchase of fixed assets and long-term working capital. Export finance is a short-term working capital finance allowed to an exporter not only to help export production but also to sell to overseas customers on credit.

Mr. Jaifur further  said that at stages pre-shipment finance and post shipment finance becomes important which is to enable exporter to effectively carry out manufacturing process. Post Shipment Finance is a loan extended an exporter for shipment that has already been made. This is arranged from the date of spreading the credit after shipment of the goods to the recognition date of the exporter earnings.

Advocating cash in advance for MSME exporters, Mr. Naresh Bothra, Chairman-Bothra International said “Cash-in-advance financing fosters export participation in particular of those firms that tend to experience greater difficulties in entering foreign markets. Cash-in-advance serves as a credible signal of quality and reduces part of the high uncertainty in international trade. When conditions of volatility exist in exports making it less profitable, cash-in-advance can help firms overcome productivity frictions if other firms signal their reliability in form of cash-in-advance. Despite higher implied costs, this in turn can facilitate entry into exporting, in particular for less productive firms.”

The questions put up by young entrepreneurs were answered effectively by officials.

Vote of thanks was proposed by Mr. Navneet Agarwal-Assistant Director-WTC Jaipur

In the pic: (left to right) Mr. Gopal Sharma, Regional Head, EPCH -Jodhpur, Mr. Naresh Bothra- Chairman- Bothra -International, Mr. Nirmal Bhandari- Chairman- Bhandari Exports, Mr. Navneet Agarwal-Asst. Director-WTC Jaipur and Mr. Kiran V.N.-Assistant Director Office of Development commissioner -Handicrafts-Jodhpur, Ministry of Textiles.

More News

International Women’s Day Celebrations

March 3, 2025 - World Trade Center Jaipur Commemorates International Women’s Day 2025 Celebrating International Women’s Day on the 8th of March 2025, World Trade Center Jaipur organized a round table discussion on, “Women: Navigating Uncertainties, Driving Innovations and Changing Economic Growth of Jaipur” at the conference room, World Trade Center Jaipur office. Guest of Honour, Mrs. Kulsum Malik, Founder, Kulsum Kaya Kalp, Jaipur shared her struggle and how she built the empire, “The history of Kulsum’s Kaya Kalp Herbals began approximately 30 years ago in Jaipur, often known as the Pink City of India, where a young woman had a goal to fulfill women’s everyday demands for beauty by integrating the ancient Hindu science of Ayurveda. We worked arduously and expertized the benefits of different herbs and Ayurvedic remedies. Through her perseverance and the support of experts in Ayurveda, I managed to recapture the secret of Ayurvedic remedies in the assortment of herbal products made available under the brand of ‘Kulsum’s Kaya Kalp Herbals’ today.” Distinguished Guest speakers, Ms. Somali Trivedi, Founder & CEO, Second Spring, Jaipur, and Ms. Priyanka Maheshwari from the Finance Department, Government of Rajasthan, Jaipur joined the round table discussion and motivated all participants to stay financially independent. Mrs. Priyanka said, “Financial independence empowers women to make their own choices, achieve security, and support their lifestyle without reliance on others, boosting self-confidence and enabling them to plan for the future. Having financial independence means that women are better equipped to handle challenging situations, such as domestic violence or abusive relationships, by allowing them to leave such situations and rebuild their lives.” Mrs. Trivedi Said, “Financial independence enables people to take advantage of potential opportunities, such as starting a business, investing in businesses, or returning to school. It creates opportunities for both professional and personal growth. Dependence on others for financial support is reduced when one is financially independent.” Mr. Navneet Agarwal, Assistant Director, World Trade Center Jaipur proposed a vote of Thanks In the pic: L to R: Mrs. Kulsum Malik, Founder, Kulsum Kaya Kalp, Jaipur with Mr. Navneet Agarwal Read More

ETHICAL CHANGES IN BUSINESS OF SPICES EXPORT

May 25, 2020 - WTC Jaipur organized a webinar on 'Understanding the Ethical Changes in business of spices export from India' on 25th May 2020. World today is looking at India as a potential manufacturing and trading partner in all product categories and with government initiatives this could be a game changer for majority of manufacturing and service providers who are today looking at venturing into exports for a very long time and leverage upon their production capabilities and quality standards they have bench marked over the last decade. In this regard the business of spices as a premier product in trade throws immense possibilities of consistent export from India. Welcoming the participants and guest speakers, Mr. Vijay Kalantri, Chairman WTC Jaipur said "given the scenario of rising global opportunities, agricultural sector has the potential to significantly add to Indian Farm exports. To realize the dream technological advancement and Digital Innovation is the key. We need to focus onsupply chain management and design cost saving warehousing solutions. This is also a timed opportunity for startups in Agri sector to support the existing framework by bringing in the much-needed research capabilities and scientific methods of cultivation for better harvests." Mr. V.K. Sharma, Director MSME- DI Jaipur said "there is a huge potential in monetizing the number of farmers getting linked through FPOs. The FPO structure is currently in need of assistance and government policies are exactly aimed to create a conducive environment for them to function, to enable them to secure businessinsight and develop market connectivity." Guest speaker Mr. Gaurav Surana, Liaison officer, Spices Board of India, Jodhpur, gave a presentation on spices export where he explained India's exports of spices has witnessed a growth by 10 per cent to $ 3.7 billion (approx. Rs 28,100 crore) in 2019-20 on account of healthy demand in the markets of developed as well as developing countries.The exports stood at $ 3.32 billion in 2018 -19 and given the scenario there is room for ample growth both in terms of production and exports. Major exported spices were chilli, cumin, pepper, coriander and garlic amongst others. Mr. Shyam Jajoo, Director, M/s. S.R.K. Spices Pvt. Ltd., Jodhpur Rajasthan, Mr. Pankaj Baheti, Director, M/s. Kasa Infra Ltd., Spices Park Jodhpur, Rajasthan, and Mr. Anurag Garg, Vice president - Laghu Udhyog Bharti and Zonal President -Federation of Rajasthan Trade and Industry) shared the industry perspective of spices exports during the webinar. Mr. Rais Ahmed, Director-JIESM, Jodhpur gave solutions to logistics problems in spices trade. During the webinar Mr. DineshSoni, Assistant Director- MSME DI Jaipur elaborated on the MSME Champions portal launched by the Ministry of MSME support businesses across the country. Webinar concluded with active response by guest speakers to queriesraised by more than 100 participants attending. Read More