Texprocil Webinar Spotlights Export Finance Tools for Textile Exporters
Texprocil’s webinar on “Pre-Shipment & Post-Shipment Credit” offered textile exporters a timely guide to managing working capital, reducing financing stress and using trade finance more strategically. The session was covered by Salil Chawla, Director, DFU Publications, and featured Gaurang Vasavada, Subject Matter Expert, Trainer and Consultant in Forex and Trade, who delivered a detailed and practical presentation on export finance.
The expert speaker explained how exporters can access post-shipment finance even without a bank limit by negotiating or discounting an LC. He noted that an LC issued by a credible bank can serve as a strong payment commitment, while confirmation by a first-class bank can further reduce risk when the issuing bank is not fully acceptable to the exporter’s bank.
A major takeaway was the importance of checking the LC before shipment. Vasavada stressed that exporters should review draft LCs carefully, identify restrictive clauses early and ensure that documents are fully compliant, since even small errors can delay or block payment.
The webinar also highlighted factoring as another useful financing route, especially for exporters seeking liquidity against receivables. In addition, the discussion connected export finance with current policy support, including interest subvention measures and DGFT-backed support for MSME exporters under eligible categories.
For textile exporters, the session reinforced a simple message: export finance is not just about borrowing, but about using the right instruments to protect cash flow, lower risk and improve competitiveness in global markets.
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