New Delhi, Delhi, India | 31st January 2025: The Federation of Indian Export Organisations (FIEO) has partnered with Credlix, a global leader in supply chain financing solutions, through a Memorandum of Understanding (MoU) to enhance the growth of Indian exporters and strengthen their global presence. This collaboration focuses on streamlining international trade by providing exporters with innovative financial solutions, logistical support, and other critical resources.
By combining FIEOâs extensive network with Credlixâs expertise in financial services, the partnership aims to address key challenges faced by exporters. Initiatives include workshops, trainings, financing advisory and technological support to raise awareness – a solution that helps businesses scale their operations effectively.
Mr. Rahul Garg, Founder & CEO, Credlix, stated, âWe are proud to collaborate with FIEO to empower Indian exporters on their path to growth and self-reliance. This partnership shows our shared commitment to overcoming key trade challenges. Through innovative financial and logistical support, we aim to simplify export operations and help businesses establish a strong presence in global markets.â
The partnership includes technological and logistical solutions from Credlix, such as warehousing and supply chain management, to address exportersâ operational hurdles. FIEO will actively promote the initiative, encourage exporter participation, and guide businesses in navigating complex global markets.
Dr. Ajay Sahai, Director General & CEO, FIEO, remarked, âThis collaboration with Credlix marks a significant milestone in advancing Indiaâs vision of self-reliance and strengthening its export sector. By providing SMEs with financial and logistical resources, we aim to help them overcome barriers, enhance operational efficiency, and capitalize on opportunities in international trade.â
Dr. Sahai further highlighted the liquidity gap and lack of credit flow in the Indian economy, which has posed persistent challenges for exporters. âExport finance remains a critical issue for various segments, particularly for MSMEs, which are the backbone of Indiaâs export ecosystem,â he noted.
The MSME sector contributed 45.73% of Indiaâs exports in 2023-24, yet it continues to struggle with limited access to export finance. With 35,000 members, primarily from the MSME segment, FIEO sees this MoU as a pivotal step in addressing these challenges and unlocking growth opportunities for exporters.
This alliance is set to simplify export operations, enhance business capabilities, and accelerate the growth of Indian exporters, contributing to Indiaâs economic progress and reinforcing its position in global trade.
