Events Updates | News & Insights

Exporters Demand Clearer Insights on Macro-Economic Outlook during SBI Exporters’ Meet

Published: December 7, 2023

To address the concerns of high-value exporters, the State Bank of India (SBI), in association with the Commercial Clients Group (CCG), organized an exclusive Exporters’ Meet on Wednesday. The event took place at Taj Krishna in Banjara Hills and saw the attendance of approximately 150 esteemed exporters from Telangana.

Challa Sreenivasulu Setty, the Managing Director of International Banking, Global Markets, and Technology at SBI, emphasized the bank’s significant role in supporting large corporates and assisting small and medium enterprises (SMEs) in export finance. He highlighted SBI’s phenomenal achievement in disbursing Rs 2.60 lakh crore of export finance, resulting in an impressive market share of 18% in the previous fiscal year.

During the meet, Setty shed light on the latest initiatives undertaken by the bank to digitize trade finance processes and stressed the importance of achieving $1.4 trillion in exports as part of the roadmap to propel the economy to a $5 trillion benchmark. He encouraged exporters to provide feedback on the bank’s products and share suggestions to promote exports.

Top officials from prominent organizations like FIFO, FTCCI, and ECGC attended the event alongside the Managing Director of International Banking, Global Markets, and Technology, Challa Sreenivasulu Setty. The exporters sought clarifications on the bank’s products, the prevailing macroeconomic scenario, and the uncertainties plaguing the export market.

Debashish Mitra, General Manager of SBI, expressed gratitude to the exporters for their overwhelming participation, while Vidya Raja, General Manager of CCGRO, Hyderabad, and Bhuvaneswari, DGM of SME, were among the other esteemed attendees. The Exporters’ Meet provided a platform for meaningful discussions to address the concerns and challenges faced by exporters in the dynamic macroeconomic landscape.

Related Posts

EPS Gears up for Next Phase of Growth with Key Leadership Moves

RoDTEP Scheme Benefits Extended;18 Textile Products Benefitted