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India Trade Finance Summit

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"Paving the Way for Trade Finance Transformation"

With the successful chapters in UAE & Saudi Arabia, QnA International is extending its signature trade finance series to India. India is presently known as one of the most important players in the global economic landscape. Factor such as Digitization & the technological enhancements, switches in corporate behaviour and expectations, new regulatory reforms and increasing market competition are paving the way Trade Finance Transformation, in India.

The question of what is next for India’s trade finance has thus never been more relevant. Thus, ITF 2020 will be one of a kind platform, getting the entire realm of finance industry, prequalified trade finance decision makers from the biggest corporates, banks and financial institutions, to focus on trade finance needs. It aims to bring together all the stakeholders and partners of the value chain to establish- what’s in it for each stakeholder, where are we progressing and where we need to push more, discussing the opportunities with new reforms and at last what is needed to be replaced or amended for a road map to resilient trade finance infrastructure.

Under the theme of “Paving the Way for Trade Finance Transformation”, the summit will feature 35+ finance leaders and innovators from some of the forward-thinking corporates & institutions through keynote sessions, case studies , engaging panel discussion and brainstorming industry roundtable discussions-on new developments in the world of trade finance.

ITF Summit
Key Economic Trends & Figures

01

Boosted by the forthcoming FTP, India’s exports are expected reach US$ 750 billion by 2018- 2019 according to Federation of India Export Organisation (FIEO).

02

The Government of India is also striking important deals with the governments of Japan, Australia and China to increase external sector contribution to the economic development of the country and growth in the global markets.

03

Moreover, by implementing the FTP 2014-19, by 2020, India’s share in world trade is expected to double from the present level of three per cent.

04

Through secular growth over the last three financial years, following the major downturn in the face of the global slowdown, merchandise exports for the year 2018-19(P) reached USD 330.07 Billion, the highest ever, surpassing the earlier peak of USD 314.4 Billion achieved in 2013-14.

ITF Summit
Key Initiatives

01

Fully electronic refund module (Form GST RST-01)- monitor and speed up ITC refunds

02

Cabinet approved the modification of the Interest Equalisation Scheme to help the exports from the MSME sector. The existing Interest Equalisation rate of 3% has now been enhanced to 5% for the MSME sector. The scheme helps manufacturer exporters in accessing credit at reduced rates.

03

The Government of India is keen to grow exports and provide more jobs for the young, talented, welleducated and even semi-skilled and unskilled workforce of India.

04

NIRVIK scheme – also known as Export Credit Insurance Scheme (ECIS) -for addressing the problems of export financing that industry is facing

05

The RoDTEP Scheme (Remission of Duties or Taxes on Export Products Scheme) in effect from 1st January 2020, will replace MEIS and RoSCTL -a new measures to boost exports.

06

An action plan to reduce Time to export/turn-around timeby leveraging technology