The International Financial Services Centres Authority (IFSCA) has issued the Press Release dated August 29, 2025, titled Enablers for Trade Finance in IFSC (“Press Release”). The key highlights of the Press Release are as under:
- The annual global export target set by Commerce and Industry Minister is USD 2 trillion by 2030. To achieve this, IFSCA would require greater competitiveness and faster access to trade finance, including credit, risk mitigation, and related services.
- IFSCA, the unified regulator for India’s IFSCs, recognizes trade finance as key to economic growth and has taken steps to position GIFT IFSC as a global trade finance hub.
- To safeguard Indian exporters against buyer defaults and non-payment risks, the IFSC Insurance Offices (IIOs) offers trade credit insurance products covering export-related risks such as:
- Credit risk
- Political risk
- Non-acceptance risk
- Re-shipment risk
- Re-import risk
- IIOs assess the market risk and provide advisory to exporters to mitigate potential risk.
Source category: IRDAI
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