- Align with the government’s vision of making Gujarat the mostvibrant ecosystem for MSMEs to thrive and scale-up
- Gujarat is amongst the top 3 contributors to India’s exports basket alongwith Maharashtra and Tamil Nadu
- To offer real time forex savings to MSME member companies on export transactions in line with state MSME objective of increasing MSME exports and effective management of working capital
- To initiate periodic forex trainings for MSMEs to hedge them from market volatility
In line with the Gujarat’sIndustrial Policy outlining various promotional measures for upliftment of MSMEs in the state, ‘Myforexeye’, India’s leading tech-based forex solutions companyhas tied up with FIEO (Federation of Indian Export organisations)to provide innovative services to MSMEs in the state of Gujarat with an objective to empower and develop them, as outlined in the state MSME policy. These digital mobile app-based forex trading solutions will equip MSMEs with real time solutions towards increasing yield on export business transactions.
“This initiative will truly support our members in leveraging the benefits of technology, savvy market intelligence, global trends and trainings in the forex domain so as to gain better cost advantage. Our association with Myforexeye is seamlessly aligned with our objective to foster the Digital India campaign initiated by our Hon’ble Prime Minister”. said Dr. Ajay Sahai, Director General & CEO, FIEO
Commenting on the occasion, Mr. Anand Tandon, Founder & CEO, Myforexeye, said, “In over 2.5 lac export organisations operating pan India, the forex domain know-how is available to only less than 1% of the total population, an astonishing number given the magnitude of annual export from India. We, at Myforexeye are delighted to partner with FIEO at this juncture. I am confident that by way of this association, we will reach out and extend our domain expertise to simplify forex complexities and drive FX transaction savings for all members of FIEO”.
FIEO member organisations in Gujarat will have access to Myforexeye expertise and exclusive know-how in the area of Forex Risk Management, Forex Trading, Transaction Process Outsourcing and International Trade Finance. Most of this critical information is limited to financial research firms, banks and large corporates and therefore SMEs have no access to it. It is here that Myforexeye plays a critical role in providing SMEs with this exclusive information empowering them to take knowledgeable decisions related to FX transaction thereby saving considerable money.
FIEO along with Myforexeye will be curating a newsletter containing forex market intelligence report on a weekly basis. The members can also address their last mile forex issues by availing consulting services directly from the company. Myforexeye will also initiate trainings on a periodic basis to keep the FIEO members updated on the ever-changing forex market dynamics,its tacticsand measures to hedge themselves from market volatility, thereby,consistently safeguarding their monetary interest.
