CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India
Tel : +91 22 22021288 Website : www.//chemexcil.in
EPC/LIC/EVENTS 17/01/2019
ALL THE MEMBERS OF THE COUNCIL
Interactive session for MSME Exporters
on
'Export Finance: The Easy Solution for your Working Capital Needs'
in association with M/s. Drip Capital Services India LLP
on 24/01/2019 in Mumbai
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Dear Members,
We are pleased to inform you that the council is organising an Interactive session on 'Export Finance: The Easy Solution for your Working Capital Needs' for SME Exporters in association with M/s. Drip Capital on 24/01/2019 in Mumbai.
The objective of this interaction is to appraise member-exporters about export finance products and services offered by M/s. Drip Capital that can be helpful to the exporters to grow their business without extending their security as collateral while availing export financing once the goods are exported.
M/s. Drip Capital (www.dripcapital.com) is a trade finance company headquartered in California, USA backed by the world’s largest VC investors like Sequoia Capital and Accel Partners. They offer finance to Indian exporters selling to buyers in North America, Europe, Middle East and Asia Pacific.
The schedule of the interactive session will be as under.
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SCHEDULE
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Day & Date
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24/01/2019 (Thursday)
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Timings
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Duration- 3.30pm to 5.30pm
(registration at 3.00 pm)
Technical sessions will be Followed by Hi-Tea
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Session Topic
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Interactive session on 'Export Finance : The Easy Solution for your Working Capital Needs' for SME Exporters
Content: Export finance includes the purchase, funding, management and collection of short-term export receivables, based on goods exported to existing foreign buyers. Export finance works on the principle of invoice discounting & is primarily dependent on the exporter, the buyer, & the transaction history between them. The export factoring method has several benefits like increased sales in foreign markets by offering competitive terms of sale, protection against credit losses, accelerated cash flow, no requirement of providing/pledging additional asset/collateral, boost in working capital etc.
In order to appraise exporter members about this product, and the process and modalities involved in availing easy export finance, the session will cover the following points:
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Working capital issues faced by SME Exporters
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Overview of Export Finance
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Key offering and benefits to exporters
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Case Study
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Process for procuring Export Finance
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Q & A Session
The sessions will be conducted by experts from Drip Capital
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Venue
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Conference Room
CHEMEXCIL Head Office
4th Floor, Jhansi Castle, Near Campion School,
7 Cooperage Road, Mumbai-400001. INDIA
Tel: 022-2202-1288
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Participation Fees
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NIL
(But Prior registration compulsory)
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Members (specially MSME’s) are requested to attend this session on export finance and benefit from the same.
Since seats are limited (max 40) and available on first-come-first served basis, interested members are requested to revert with the confirmations at the earliest, by providing the participant details on our e-mail ids deepak.gupta@chemexcil.gov.in & kalpana.acct@chemexcil.gov.in .
The copy of your confirmations may also be sent to rashmi@dripcapital.com .
Thanking you,
Yours faithfully,
S.G BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
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