Ravi Valecha, Executive Committee Member at FCI

Ravi Valecha, Executive Committee Member at FCI, highlighted India's rapid growth as a trade finance and factoring market, driven by economic expansion, regulatory reforms, and government initiatives.

With exports approaching $850 billion and a $4 trillion economy, India has seen significant progress since the introduction of factoring regulations in the 1990s, with key milestones including reforms after 2012 and the launch of a trading platform in 2017. According to the 2025 FCI survey, factoring transaction volumes have increased fourfold, from around $10 billion to $40 billion in just a few years, demonstrating the sector’s strong momentum. Looking ahead, he identified the government’s GIFT City initiative as a major catalyst for further growth, with the potential to expand open account trade finance opportunities from an estimated $1–30 billion today to a much larger market across both international and domestic factoring.