Exim Bank India has launched a factoring subsidiary at the Gujarat International Financial Tec City (GIFT City) to offer export factoring and other trade finance products to Indian MSMEs exporters. It is the first finance company in the area of export factoring in GIFT City.
The new subsidiary, India Exim Finserve IFSC Private Limited, will provide for export factoring three services receivables financing, administration of the accounts receivables and bad debt coverage.
