Tradewind Finance Increases Facility Line For Growing Leather Handbag Manufacturer In India
Leather is proving its staying power. According to an industry report, leather goods are estimated to grow from a 2021 figure of US$ 419.5 billion to US$ 720.8 billion in 2030. As an alternative lender, Tradewind Finance is heeding this trend and supporting growth in the industry by increasing their facility lines when needed.
One of Tradewind Finance’s clients, a leather handbag and accessories manufacturer from Kolkata, India, was experiencing this growth momentum first-hand. As the manufacturer’s orders increased, Tradewind Finance scaled up the facility line from an original funding amount of US$ 1,350,000 to its current amount of US$ 2,400,000. With the upgraded facility, the manufacturer was able to meet the new demands of the business that came with the rise in sales.
“Tradewind partners with manufacturers and exporters throughout India who specialize in products like consumer goods, textiles and chemicals. In addition to Tradewind’s scalable funding, our international presence and strong network of buyers in global markets make us an effective lending partner for Indian SMEs, like we have been in this client’s case,” Regional Commercial Director and Board of Director at Tradewind Middle East Limited, Soheil Zali commented.
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, Peru, 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.
