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Clearing the way for trade

01 December 2006

Trade Finance asked members from Citigroup's Corporate and Investment Banking team in Asia how India's trade services needs are changing, and what they are doing to meet with the new market demands.

The participants are:

Amita Jhangiani, managing director and regional trade head for Asia Pacific
Ashish Bajaj, managing director, global transaction services India
V Dinesh, managing director, cash and trade product head for India
Sudeep Yadav, managing director, cash and trade sales head for India

Amita Jhangiani (AJ), managing director and regional trade head for Asia Pacific.

Trade Finance (TF): From a trade servicing perspective how does the Indian market compare to the rest of the Asian region?

(AJ): India's trade services needs differ from the rest of Asia Pacific. There is less emphasis on outsourcing to banks (due to the lower costs and India's own competitive position in this area) and more on servicing efficiency, turnaround times and costs. The market is very competitive and a few domestic private banks share the top trade positions with the global competitors in India. Citigroup's trade processing centre based in Mumbai and Chennai is...


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