New Delhi, Delhi, 3rd of March, 2025 : MODIFI, a leading global fintech company specializing in trade finance, in collaboration with the Federation of Indian Export Organisations (FIEO), hosted an exclusive roundtable event, “Bridging the Gap in Export Finance.” The event brought together key Indian exporters,including industry leaders such as Bharat Forge, Surya Roshni, Patanjali, and Red Tape, among others. Participants discussed the evolving landscape of export finance and the critical need for alternative financial solutions.
The event was graced by the presence of Dr. Ajay Sahai, Director General & CEO of FIEO, who addressed the audience, providing valuable insights into the current challenges faced by Indian exporters.
Highlighting the urgent need for accessible and cost-effective credit, Dr. Sahai stated:
“The biggest challenge faced by exporters today is the flow of credit. Unfortunately, the high deposit rates in India make conventional credit expensive. Therefore, exploring alternative financing instruments such as factoring is crucial. The government is actively working on enhancing the flow of credit, popularizing factoring, and addressing regulatory challenges.”
Dr. Sahai also emphasized the importance of factoring as a widely used financial tool across major economies. He further stressed the need to increase its adoption in India, citing that factoring accounts for merely 0.2% of India’s GDP, compared to 4% in Brazil and 3.2% in China. Recognizing the regulatory challenges and cost concerns, he expressed confidence that with government support and the participation of financial institutions, factoring can become a mainstream financing option for Indian exporters.
Ms. Annie Yadav, Commercial Head, MODIFI India, took the stage to present MODIFI’s innovative trade finance solutions, designed to empower exporters with seamless, technology-driven financial support. She elaborated on MODIFI’s commitment to simplifying export financing, reducing credit constraints, and driving business growth for Indian exporters in the global market.
The event facilitated engaging discussions among industry stakeholders, addressing concerns, exploring opportunities, and identifying actionable steps toward unlocking growth capital for global trade. With the participation of over 50 delegates from more than 30 companies, the evening concluded on a high note, fostering collaboration over an insightful dialogue, followed by a networking dinner.
About MODIFI:
MODIFI is a global trade finance platform empowering businesses across 55+ countries with fast, collateral-free invoice financing, enabling exporters to get paid upfront. With $3B+ in invoices financed and 1,800+ trade partners, MODIFI simplifies cross-border trade with digital solutions, buyer protection, and cash flow management, helping businesses scale globally with confidence. www.modifi.com.
About FIEO:
The Federation of Indian Export Organisations (FIEO) popularly known as ‘FIEO’ is the apex body of trade promotion organisations in India, set up by the Ministry of Commerce, Govt. of India in 1965 with the objective to focus the efforts of all stakeholders engaged in trade facilitation and catalyse the growth of goods and services exports from the country. Thus, FIEO is the partner of Government of India in boosting India’s exports and represent the spirit of Indian enterprise in global trade.
FIEO provides a crucial interface between the Indian exporters and various government agencies (DGFT, Customs, GST, RBI, Indian Embassies, ECGC, EIA etc.) international trade promotion organisations (WTO, ICC etc.), Financial Institutions, Ports, Railways, Surface Transport, Shipping Liners and all other entities engaged in Export Facilitation both within India and across the world.
FIEO provides a wide range of services to Indian exporters, including market research, trade information, export promotion activities, organising overseas trade fairs and exhibitions, training programs, and policy advocacy. The organisation plays a crucial role in representing the interests of Indian exporters and helping them navigate the complexities of international trade.
Indian exporters can avail e-RCMC, Certificate of Origin, Visa Recommendation Letters and attestation of EXIM documents from FIEO as part of value added services.
FIEO also works closely with the Government of India and the States to formulate policies related to foreign trade and represents the voice of Indian exporters in various forums and discussions. The Federation collaborates with leading industries and sectors to identify export opportunities, address challenges faced by exporters, and flag market access issues.
Overall, FIEO plays a pivotal role in supporting India’s Exporter community, fostering international trade, and contributing to the country’s economic growth. www.fieo.org
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