Tag: importers

Mumbai: ICICI Bank on Monday said that it has made available to all exporters and importers an online platform as part of its strategy to use digital support to attract corporates and their ecosystem. The bank’s ‘Trade Emerge’ platform provides access to comprehensive trade services, including a database of customers and their credit scores, logistics solutions and marine insurance.

“India has emerged a key player in global trade. From April to October 2021, our overall exports and imports are estimated to be nearly $780 billion, recording a rapid growth over the same period last year. Typically, global trade is time-consuming, paper-intensive and process-heavy and requires knowledge of rules and regulations. This platform will make exports and imports hassle-free,” said ICICI Bank ED Vishakha Mulye.

“This one-stop platform eliminates the need for importers and exporters to coordinate with multiple touchpoints,” said Mulye. She added that this would be useful to companies irrespective of their life stage, including those searching for new business, and established corporate exporters.

The value-added services include information services provided through the Federation of Indian Export Organisations and access to a global database of partners from 181 countries in association with ‘The Dollar Business’ — a global export-import data and analytics platform. It also provides credit reports from CRIF and Dun & Bradstreet. In addition, the platform provides end-to-end digital logistics services and marine transit insurance coverage in partnership with ICICI Lombard General Insurance.