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PrimaDollar launches supply chain trade finance in India
December 18, 2020
UK-based PrimaDollar has launched its supply chain trade finance platform in India.
With top 100 Indian importers bringing in over US$30bn in goods every year, PrimaDollar is targeting savings for this sector of at least $50 million, Swati Babel, CEO PrimaDollar India, said.
PrimaDollar’s platform will help Indian companies to compete both locally and internationally by reducing the input cost of materials and components required in the development and manufacture of goods. The platform will enable the corporate importer to take control over how his international suppliers are funded and paid.