Global Trade Finance Private Limited (GTF) is looking at doing export factoring of $200 million and forfaiting business of $20 million in the first full year of operations in the country. Mr Arvind Sonmale, deputy managing director of GTF said factoring and forfeiting was not accepted easily in the Indian market as there were not many established players offering these services in India.
"Till now there was reluctance among exporters to opt for alternative credit such as factoring and forfeiting but now with GTF providing a one-stop window for their credit requirement they will see more value addition in factoring and forfeiting," Mr Sonmale said.
