M1 NXT Expands Trade Financing for SMEs with Air8 Partnership
The Indian MSME export sector has witnessed remarkable growth, with total export value reaching ₹12.39 lakh crore in 2024-25. The number of MSME exporters has surged to 173,350, since 2020-21. On the global front, the MSME credit gap is estimated at $5.7 trillion, highlighting the urgent need for accessible trade financing solutions presenting a vast […]
How can supply chain finance serve as a catalyst for growth in the textile industry
Supply Chain Finance is revolutionising the textile industry by tackling key challenges such as cash flow constraints and delayed payments,informs Munindra Verma. India’s textile industry is a key driver of economic growth, contributing 2.3 per cent to GDP, 13 per cent to industrial production, and 12 per cent to exports. In the first half of FY […]
M1 NXT, India Exim Finserve Partners to Support MSME Exporters
M1 NXT, the International Trade Financing Services (ITFS) platform, has announced the onboarding India Exim Finserve IFSC Pvt. Ltd (Exim Finserve) as a Financer. As part of this collaboration, M1 NXT and India Exim Finserve aims to expand receivables finance solutions for Indian exporters, particularly MSMEs, who are vital contributors to the country’s economic growth. By […]