Tradewind Finance Announces Growth of Client Portfolio in India

(Mumbai, India) – Tradewind Finance, a global trade finance provider, today announced the growth of its customer portfolio in India. The firm has provided new funding for clients in the forging and bunkering industries which is being applied for expansion and other working capital purposes.

Highlighted in today’s announcement, an exporter of forging products shaped from metal has secured a credit facility from Tradewind totaling USD 650,000. The facility is providing added cash flow for the Indian forging manufacturer to support its expansion into the Middle East and is also helping to ensure a smooth supply chain on both the manufacturing and buying end of the transaction.

“We are thrilled to set up a funding arrangement that will enhance our client’s business operations and enable them to satisfy the increasing needs of their global customers, says Abdul Wakil, Vice President of Business Development at Tradewind’s India office.  “The working capital support we provide allows our client to consistently deliver high-quality products without delay while also ensuring the financial stability required to manage the intricacies of global trade.”

Tradewind’s new bunkering client supplies marine fuels and lubricants to ships on both coasts of India. The firm structured a USD 2 million credit facility for the bunker supplier, which it is using to source its fuel reserves.

“Tradewind’s flexibility and international capabilities have helped position our client to grow and expand into new markets. Our custom trade finance solutions will assist them in fulfilling their liquidity needs and taking on large orders with more favorable terms,” S. Palaniappan, Vice President – Business Development in Tradewind’s India office, remarked on the new partnership.

Both forging and bunkering are capital-intensive sectors and are signaling strong growth in India. According to S&P Global, in the first seven months of 2024, bunkering activity in India has ramped up, “with the total number of bunkering and ship-to-ship (STS) calls to Indian ports increasing by 64% year on year.” As for the forging industry, it is forecasted to grow from USD 5.08 billion in 2023 to USD 9.75 billion by 2030 based on a report from the market research provider Fortune Business Insights.

Tradewind is committed to supporting this growth by delivering tailor-made export finance solutions for Indian exporters, which unlock capital and drive international expansion. For more about Tradewind, visit www.tradewindfinance.com.

About Tradewind Finance

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

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