The 2017 edition of the GTR Asia India Trade and Treasury Conference was held in Mumbai on the 22nd of February, and included trade aspects related to fintech and treasury.
The conference, which returned for the 14th year, was held at Taj Lands End, Mumbai, and witnessed a number of major discussions, including the structures, mechanisms, as well as risk management strategies that could be used to find success in the Indian market.
The conference also covered topics related to the revolution of export and trade finance via technology, while also touching upon the challenges faced and opportunities available to the financial sector with regards to the same.
According to the conference brochure, “Disruptive technologies including fintech and blockchain are game changers for the financial industry and can potentially revolutionise the way trade and financing is done in India today, leading to greater efficiency, cost minimisation and increases in cross-border trade.”
A number of industry specialists were in attendance at the conference, including the Associate Partner, ELP – Deep Roy, the Head of Rand Merchant Bank – Karthik Natarajan, the Head of the Banking and Finance Practice, ELP – Babu Sivaprakasam, the Chief Finance Manager, Mumbai Refinery, Bharat Petroleum Corporation – Riyazuddin KM, the Senior Relationship Manager of Receivables and Supply Chain Finance, EFA Group – Rohit Goyal, the Managing Director and Head Trade, India Banking, Standard Chartered Bank – Khushnama Davar, the General Manager, Export Credit Guarantee Corporation of India – Sunil Joshi, the Director General and CEO, Federation of Indian Export Organisations – Ajay Sahai, the Relationship Manager, Supply Chain Finance Program, Asian Development Bank – Jovilyn Cotio.
While the security concerns faced by fintech were examined by one of the panels, along with the readiness of the banking industry to put an end to paper-based trade, other panels explored new financing choices for SMEs, discussed about designing a plan for trade financing in the country, analysed the country’s readiness to make the shift from conventional letters of credit, and scrutinised SMEs’ usage of cluster financing for risk diversification.
Furthermore, the conference also covered the outlook for commodity and trade finance, and panels covered the trade volumes and price fluctuation forecasts across the country’s key commodities before discovering growing hubs and new markets for trade.