Through a Memorandum of Understanding (MoU), the Federation of Indian Export Organisations (FIEO) and Credlix, a provider of supply chain finance solutions, have joined to support the expansion of Indian exporters and fortify their international footprint. By offering exporters cutting-edge financial solutions, logistical support, and other vital resources, this partnership aims to streamline global trade.
The alliance intends to address important issues encountered by exporters by fusing Credlix’s financial services experience with FIEO’s wide network. Workshops, training, financial advice, and technology assistance are among the initiatives aimed at increasing knowledge of this solution, which aids companies in efficiently scaling their operations.
Rahul Garg, Founder & CEO, Credlix, stated that this collaboration demonstrates the mutual dedication to resolving important trade obstacles. The goal is to help companies build a strong presence in international markets and streamline export operations through creative financial and logistical support.
In order to overcome the operational challenges faced by exporters, the cooperation incorporates Credlix’s technological and logistical solutions, including supply chain management and warehousing. FIEO will aggressively publicise the program, support exporter involvement, and assist companies in negotiating intricate international marketplaces.
Dr. Ajay Sahai, Director General & CEO, FIEO, remarked that in terms of furthering India’s goal of independence and bolstering its export industry, the partnership with Credlix represents an important turning point. The goal is to help SMEs overcome obstacles, improve operational efficiency, and take advantage of possibilities in international trade by giving them financial and logistical resources.
He added that export finance is still a major problem for many sectors, especially MSMEs, who are the foundation of India’s export ecosystem. He also emphasised the liquidity gap and lack of credit flow in the Indian economy, which have presented ongoing difficulties for exporters.
Despite making up 45.73 per cent of India’s exports in 2023–2024, the MSME sector still faces difficulties getting export financing. With 35,000 members, mostly from the MSME sector, FIEO views this Memorandum of Understanding as a critical step in resolving these issues and opening up new avenues for exporters to expand.
