WestLB and Exim Team up to Provide Customised Factoring and Forfaiting Solutions for Indian Exporters


Westdeutsche Landesbank Girozentrale (WestLB), Germany and Export-Import Bank of India (Exim Bank) have joined forces to form a joint venture in India called Global Trade Finance Private Limited (GTF), in which International Finance Corporation is an equity investor. GTF is registered with Reserve Bank of India as a non-banking finance company. The concept is to promote market-driven export-financing solutions for small and medium sized Indian exporters (SMEs) operating in an increasingly competitive world trade environment, by offering forfaiting and factoring under one roof.



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