{"id":20302,"date":"2022-02-08T06:00:00","date_gmt":"2022-02-08T06:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/02\/08\/incomlend-invoice-financing-programme-strengthens-production-capacity-of-india-based-bulk-bag-manufacturer-safeflex\/"},"modified":"2022-02-08T06:00:00","modified_gmt":"2022-02-08T06:00:00","slug":"incomlend-invoice-financing-programme-strengthens-production-capacity-of-india-based-bulk-bag-manufacturer-safeflex","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/02\/08\/incomlend-invoice-financing-programme-strengthens-production-capacity-of-india-based-bulk-bag-manufacturer-safeflex\/","title":{"rendered":"Incomlend Invoice Financing Programme Strengthens Production Capacity of India-Based Bulk Bag Manufacturer SafeFlex"},"content":{"rendered":"

\n<\/p>\n

\n

SINGAPORE –\u00a0Media
\nOutReach<\/a>\u00a0– 8 February 2022 –\u00a0Global invoice financing marketplace, Incomlend<\/a>, <\/b>announced
\na multi-million invoice financing programme for SafeFlex International Limited
\n(SafeFlex), a leading India-based manufacturer of Flexible Intermediate Bulk
\nContainers (FIBC), poly-wovens and poly-knits, with four manufacturing plants
\nacross the country. The working capital solution enables the company to finance
\nand increase the production capacity of its pharma and food-grade industrial
\ncontainer and bulk bags to capture new business opportunities with potential
\nand existing buyers. <\/p>\n

<\/p>\n

\u00a0<\/p>\n

SafeFlex
\nhas seen considerable revenue growth over the years, and it plans to expand its
\nproduction capacity further. The company’s portfolio of over 500 global buyers
\ncomprises long-time buyers who are distributors and manufacturers based in
\ndeveloped nations such as the US, UK, and Europe. <\/p>\n

\u00a0<\/p>\n

Incomlend
\nInvoice Financing Programme will play a key role in SafeFlex’s expansion plans
\nto double production capacity and increase revenue. It allows the company to
\ncapitalise on the opportunities in the growing global bulk bags market, which
\nis expected to reach nearly US$5<\/a> billion in value by 2023. <\/p>\n

\u00a0<\/p>\n

Traditionally, it takes SafeFlex up
\nto 90 days to cash in an invoice. However, the extended payment terms can
\nundermine their financial agility and limit their operations and manufacturing
\noutput. With the quick turnaround facility provided by Incomlend, the
\nmanufacturer can cash in an invoice as early as three days after the goods are
\nshipped to its buyers. It provides them with the cash flow needed to fund their
\nnext production cycle and effectively expand their capacity to meet new or
\nincreased orders from their buyers. <\/p>\n

\u00a0<\/p>\n

Founded in Singapore and with offices
\nin Europe, India, and Southeast Asia, Incomlend connects small and medium
\nenterprises (SMEs), like SafeFlex globally, with communities of investors. It enables
\nthem to buy and sell individual invoices via a proprietary tech-enabled and
\nsecure invoice exchange platform. <\/p>\n

\u00a0<\/p>\n

SafeFlex International Limited CEO
\nand President Jitesh Agrawal said: <\/b><\/p>\n

“SafeFlex is excited to form
\nthis long-term partnership with Incomlend. Its Invoice Financing Programme’s
\nquick turnaround model provides us with the cash flow we need to expand our
\nbusiness and operations. This will place our company in a stronger position for
\ngrowth as economies start to recover and the demand for our products continues
\nto surge.”<\/p>\n

\u00a0<\/p>\n

Incomlend
\nCEO and Co-founder Morgan Terigi commented:<\/b><\/p>\n

“The
\nappetite for FIBCs and bulk bags are expected to rise in the coming months as
\neconomies globally reopen, and global trade becomes increasingly active. With India
\nbeing one of the world’s largest FIBC and bulk bags suppliers, manufacturers
\nhave a tremendous growth opportunity. As a company with a strong foothold in
\nthe Indian manufacturing industry, Incomlend has an unwavering commitment to supporting
\nSafeFlex and SMEs worldwide with their business and production growth. Our quick
\nturnaround solutions will provide them with the financial means to bolster
\ntheir export capacity and capture new revenue streams.”<\/p>\n

\u00a0<\/p>\n

For
\nmore information on Incomlend, please visit https:\/\/www.incomlend.com\/<\/a>.<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SINGAPORE –\u00a0Media OutReach\u00a0– 8 February 2022 –\u00a0Global invoice financing marketplace, Incomlend, announced a multi-million invoice financing programme for SafeFlex International Limited (SafeFlex), a leading India-based manufacturer of Flexible Intermediate Bulk Containers (FIBC), poly-wovens and poly-knits, with four manufacturing plants across the country. The working capital solution enables the company to finance and increase the production …<\/p>\n","protected":false},"author":1,"featured_media":20303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20302"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20302"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20303"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}