FINANCING FOREIGN TRADE

In 1991, the new economic policy was introduced in India. It is known as the LPG – Liberalisation, Privatisation and Globalisation.The introduction of this policy led to the increase in International trade. There are various sources of finances which guarantee to provide with finance help to the individuals involved in Foreign Trade. In order to take finance help from banks, they provide the borrower with the short, medium- and long-term finance. By fulfilling all the terms and conditions and by following rules, banks agree to finance Foreign Trade of the participant. Various facilities are also offered by the Commercial banks in India.

Interestingly, concessions and priority facilities are provided to the established Exporter through ‘Gold card’. The eligibility and features of the gold card are explained in this session. The webinar session explains in details about how banks are processed to finance Foreign Trade and other schemes.

Foreign Trade stands as the backbone for most important Logistics businesses. The financing of such trade is done through various sources. Letter of credit can be issued to trusted business organisations. Various other sources for funding the foreign trade are also available. The Importer and Exporter can choose from them accordingly. These documents come handy in processes such as Customs Clearance.

The webinar session organised by JBS Academy on Financing Foreign Trade engaged by Professor Kishor Bhatt, an operational banker and a trainer with 54 years of experience. He is Chartered Member of The Chartered Institute of Logistics and Transport, London. Currently, he is working as a consultant in International Business. Mr. Bhatt has penned more than 22 books in English, Gujarati in the area of International Business and wrote articles for the various magazines and publications. He organised number of training programmers and gave lectures in International Business at various training institutes.

Webinar was attended by 81 students; it was very informative session where the students got to learn things which can play a key role in their success. Students raised their questions and were answered accordingly. The recorded webinar is available on YouTube.

To contact the experienced professional of Import-Export you can contact the team of JBS Academy at www.jbsacademy.com or chat with them on, info@jbsacademy.com team of professionals are always ready to answer all your questions and guide you for the best.