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FIEO and Credlix Forge Partnership to Support Indian Exporters with Financial and Logistical Aid.

MOUs and Agreement | Dated: 25 Jan 2025

In January 2025, the Federation of Indian Export Organisations (FIEO) and Singapore-based Credlix, a global leader in supply chain financing solutions, signed a Memorandum of Understanding (MoU) to enhance the growth of Indian exporters and expand their international presence. This partnership is designed to streamline global trade by offering exporters innovative financial solutions, logistical support, and essential resources.

🎯 Key Highlights:

  • - The collaboration aims to address key challenges faced by exporters by combining FIEO's extensive network with Credlix’s expertise in financial services.
  • - A range of initiatives, including workshops, training, financing advisory, and technological support, will be provided to help businesses enhance their operations effectively.

💡 Other Important Facts:

  • (i) Under the MoU, Credlix will provide technological and logistical solutions such as warehousing and supply chain management to resolve operational hurdles faced by exporters.
  • (ii) FIEO will actively promote the initiative, encourage participation from exporters, and guide businesses in navigating complex international markets.
  • (iii) In the Financial Year 2023-24 (FY24), the Micro, Small, and Medium Enterprises (MSME) sector contributed 45.73% to India's exports.

📚 Test Your Knowledge:

Which company forged a partnership with FIEO to support Indian exporters with financial and logistical support recently?

Correct Answer: Credlix Forge

🚀 Quick Recap:

About Federation of Indian Export Organisations (FIEO)

  • President: Ashwani Kumar
  • Headquarters : New Delhi