Cargo Breaking News
Maersk Trade Finance has announced its global loan disbursement projection of US $500 million for the year 2019 with US$ 200 million target for India. The company has disbursed a total of US $0.7 billion globally, till date, since its inception in 2015, with over 150 million in India in the year 2018, a 53 per cent Y-o-Y increase as compared to 2017. Vipul Sardana, Global Head, Maersk Trade Finance, said, “Indian Small & Medium-sized Enterprises (SME) sector continues to play a significant role in India’s economic development. As the sector is gearing up for its digital transformation, the rapid technological advances are putting trade finance in the spotlight and playing a significant role in changing the way global supply-chains are managed and monitored.”
Maersk Trade Finance plans outlay of $200 million for India’s SME
Maersk Trade Finance has announced its global loan disbursement projection of US $500 million for the year 2019 with US$ 200 million target for India. The company has disbursed a total of US $0.7 billion globally, till date, since its inception in 2015, with over 150 million in India in the year 2018, a 53 per cent Y-o-Y increase as compared to 2017. Vipul Sardana, Global Head, Maersk Trade Finance, said, “Indian Small & Medium-sized Enterprises (SME) sector continues to play a significant role in India’s economic development. As the sector is gearing up for its digital transformation, the rapid technological advances are putting trade finance in the spotlight and playing a significant role in changing the way global supply-chains are managed and monitored.”
